Multiple Choice QuestionWhich of the following is not a suggestion for establishing an investment program?Multiple choice question.Participate in an elective savings program.Take advantage of employer-sponsored retirement programs.Invest money first.Make special savings effort one or two months a year.Take advantage of gifts, inheritance.

Multiple Choice QuestionWhich of the following is the last step for effective investment planning?Multiple choice question.Determine the amount of money you need to obtain your goals.Continue to evaluate your investment program.Reduce possible investments to a reasonable number.Choose at least two different investments.Establish your investment goals.

Fill in the Blank QuestionFill in the blank question.There are several ways to establish an investment program. One suggestion is to pay first.

Multiple Choice QuestionWhich of the following is not a useful question for establishing investment goals?Multiple choice question.How will you obtain the money?Is the investment approved by your financial planner?How long will it take to obtain the money?How much money do you need to satisfy your investment goals?

Which of the following is the least successful strategy to obtain the money you need to meet investment goalsMultiple ChoiceEnsure all major purchases are made prior to starting a savings program.Take advantage of employer sponsored retirement programs.Invest gifts, inheritances and windfalls.Pay yourself first.Participate in an elective savings program.

Multiple Choice QuestionAfter making your investments, it is crucial to Blank______.Multiple choice question.switch investment types after five yearsmonitor their activityswitch investment types after two yearsnot leave your investments in the same market for more than 10 years