Sound financial planning requires a trade off between:

Question

Quizplus · Accepted Answer

Sound financial planning requires balancing the trade-off between risk and return alternatives. Investors must be willing to take on a certain level of risk to achieve higher returns, but they must also consider their individual risk tolerance and financial goals. Making informed decisions about risk and return is a crucial aspect of successful financial planning. The other choices (gratification and savings, investment and saving alternatives, and fees and returns) are important considerations for financial planning, but they are not the primary trade-off that must be balanced.

Sound Financial Planning Requires a Trade Off Between