In planning a money management strategy,which of the following is most important?

Question

Quizplus · Accepted Answer

While all of the options listed may be important in a money management strategy, selecting a combination of investments to achieve both adequate liquidity and return is the most important because it ensures that you have access to your money when you need it while still earning a return on your investments. Without adequate liquidity, you may face penalties or fees for withdrawing your funds before they mature. Additionally, a focus solely on high-interest rates for GICs may limit your ability to diversify your portfolio and achieve a balance of risk and return.

In Planning a Money Management Strategy,which of the Following Is