What types of long term investments would you recommend that they make? Why?

I would recommend they make long term investments in stocks, bonds, and mutual funds. Stocks can provide the potential for higher long-term returns with an accompanying level of risk. Bonds provide income streams through periodic interest payments and typically have lower volatility than stocks. They also offer more stability than stocks as prices are less likely to fluctuate drastically on a day-to-day basis. Mutual funds are comprised of collections of individual assets (stocks, bonds, etc.) that spread out risk across multiple sectors/industries within a portfolio and thus reduce overall volatility while still providing some opportunity for growth over time.

Given their current situation, I would advise them to focus mainly on low-risk investments such as bonds & dividend paying stocks since these will generally yield steady returns & require much less maintenance compared to other options available . Of course , diversification should also be considered so at least portion their portfolio contains higher risk/higher reward alternatives which might benefit them further down road if market conditions improve quickly enough.

Ultimately it is important remember that each investor’s circumstances will be different so what works best one may not necessarily work same another . Having clear goals set out from start – along side proper due diligence applied towards researching specific asset classes – will help towards ensuring desired outcomes achieved without putting too much financial stress on shoulders during process.