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Portfolios 108: Creating Your Investment Policy Statement

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1.
Investment selection criteria are _______.
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Both of the above. Develop your investment selection criteria as rules for choosing investments. Then, as you monitor your portfolio, make sure that your investments continue to hold the qualities that you bought them for. If they don't, consider selling.
2.
Which of the following is a question to answer while creating the executive summary of your investment policy statement?
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How many years will I be investing? This question must be answered in the executive summary.
3.
The investment objectives portion of your investment policy statement covers _______.
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What you're trying to achieve with your portfolio and in what time frame. It's all about goals.
4.
The investment philosophy section of your investment policy statement tells you _______.
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What is important to you as an investor. This section tends to be subjective.
5.
The Monitoring Procedures portion of your investment policy statement details how you will keep tabs on your investments.
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True. This is the section that covers how you will keep things in line with your executive summary.