What is step 6 of the steps for effective investment planning?
A)Determine the amount of money you need to obtain your goals.
B)Specify the amount of money you currently have available to fund your investments.
C)List different investments that you want to evaluate.
D)Reduce possible investments to a reasonable number.
E)Choose at least two different investments.

Question

Quizplus · Accepted Answer

Step 6 of the steps for effective investment planning is to reduce possible investments to a reasonable number. This is crucial in order to avoid overwhelm and make a more informed decision. By narrowing down the options, it becomes easier to evaluate each investment and choose the best one(s) that align with your goals and risk tolerance.

What Is Step 6 of the Steps for Effective Investment