Once an asset allocation plan is developed and securities are selected,these decisions do not have to be made again.

Question

Quizplus · Accepted Answer

An asset allocation plan and security selection should be regularly reviewed and adjusted to ensure it aligns with an individual's financial goals, risk tolerance, and market conditions. A set-it-and-forget-it mentality can lead to portfolio drift and potentially negatively impact investment returns.

Once an Asset Allocation Plan Is Developed and Securities Are