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1.
The investment objectives portion of your investment policy statement covers _______.
What you're trying to achieve with your portfolio and in what time frame. It's all about goals.
2.
The Monitoring Procedures portion of your investment policy statement details _______.
How you will keep tabs on your investments. This the section in which you keep your document accurate and current.
3.
When buying or selling securities, _______.
Your actions should reflect your investment philosophy. Any buying or selling should mesh with your investment philosophy. Focus on that rather than short-term performance or hunches about what the market is going to do next.
4.
What does the executive summary portion of the investment policy statement do?
It summarizes your current situation and what you expect from your portfolio. In other words, it's a snapshot.
5.
As regards your investment policy statement, investment selection criteria tend to be _______.
Quantitative. These criteria are a means of quantifying your investment philosophy.
