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Portfolios 108: Creating Your Investment Policy Statement

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1.
The investment objectives portion of your investment policy statement covers what you're trying to achieve with your portfolio.
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True. It's all about goals.
2.
What does the executive summary portion of the investment policy statement do?
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It summarizes your current situation and what you expect from your portfolio. In other words, it's a snapshot.
3.
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.
4.
Which of the following items would be part of the investment selection criteria of your investment policy statement?
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Minimum tax-efficiency ratio. The investment selection criteria are quantitative in nature.
5.
Which of the following is a question to answer for the Monitoring Procedures section of your investment policy statement?
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How will I determine how well my overall portfolio is doing? This question will help you monitor your investments.