After Hannah chose her investment, she vowed to never look at the stock until retirement. What is the best assessment of this decision?

Get more with Examzify Plus

Remove ads, unlock favorites, save progress, and access premium tools across devices.

FavoritesSave progressAd-free
From $9.99Learn more

Study the essentials of Personal Finance and Time Value of Money. Use flashcards, multiple choice questions, and detailed explanations to prepare effectively for your exam.

The decision to never look at the stock until retirement lacks a proactive approach that is often necessary for successful investment management. Regularly reviewing one’s investments is crucial because it allows an investor to stay informed about market conditions, company performance, and economic changes that can affect the value of investments. By ignoring the investment, Hannah may miss opportunities to rebalance her portfolio, respond to adverse events, or take advantage of better-performing options. Sound investment strategies typically include regular assessments and adjustments to navigate market fluctuations and align with long-term financial goals. Therefore, the decision to neglect oversight can lead to potential oversights that are detrimental to overall investment success.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy