Choose wisely. There is only one correct answer to each question.
0%
Keep studying!
Review your answers below to learn more.
1.
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.
2.
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.
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.
A danger of becoming a "collector" of investments rather than a holder of a real portfolio is that _______.
You could lose sight of your investment goals. Many collectors inevitably buy investments for the wrong reasons, especially after years of doing so.
5.
How many investment goals do most investors have?
More than one. Although most of us start out with one goal, we often end up with multiple goals as our lives change.
