Choose wisely. There is only one correct answer to each question.
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1.
What determines your asset allocation for each portfolio that you have?
Both of the above. Both the time horizon and the final portfolio value needed to fund the goal will help you determine your asset allocation.
2.
Which statement is true?
You may have more portfolios than you have investments. Depending on how many goals you have, you may have more portfolios than you have investments. That's fine.
3.
Why should you consider using a government or employer plan to fund your retirement goals?
Both of the above. Plans of this nature encourage participation by offering some kind of tax break and/or contributions by your employer.
4.
In order to prevent yourself from becoming just a collector of investments, what should you do?
Make sure that your goals are the driving forces behind your investments. No matter how many investments you have, you should make your goals the driving force behind them.
5.
What are some benefits of mapping out your investment goals?
All of the above. All of these are benefits, though not everyone may need to make the tradeoffs.
