Q. When I give stocks to my grandson, what does he start with for a cost basis: the price of it when I give it to him or the price when I purchased it?
Q. I’ve been thinking of making a new account with play money for penny stocks — sort of like playing the lottery. Are there any negatives if I can afford to lose the money?
Q. I’m 30 and I know I have to take risk in the stock market because I have a long time to go before I retire. How can I decide how much risk, and what kinds of investments should I use?
Q. I saw a story that said the stock market isn’t worried about who wins the election because they don’t think Trump or Hillary will be able to get anything done. I’m concerned about a big downturn no matter who wins. What do you think?
Stocks closed modestly higher on Friday, ending three days of losses, after the U.S. government's disappointing jobs report added to speculation that the Federal Reserve might keep interest rates low for another year.