Question

Which of the following is a step in the investment planning process?

a. Evaluate your risk tolerance level.
b. Make major purchases before you start planning.
c. Monitor your spending every 5 years.
d. Monitor your investment plan every 10 years.

Answer 1

A. You have to know how much risk you are willing to take in order to figure out what sort of investments will fit your needs.

b-d are not only wrong, but very poor strategies in general.