Which of the following are commonly thought to be good general investment guidelines?

1. Don't try to outguess the market, buying and holding generally pays off.
2. Diversify investments to spread risk.
3. Investments should be highly concentrated in your company's stock.
4. 401K money is best placed in money market accounts because risk is very low.
5. Investments should be allocated to stocks, bonds, and money market funds.

Liquidity is:

The investment horizon is:

_________ are boundaries that investors place on their choice of investment assets.

The shortest time horizons are likely to be set by:

The CFA Institute divides the process of portfolio management into three main elements, which are _________, _________, and _________.

The planning phase of the CFA Institute's investment management process:

The feedback phase of the CFA Institute's investment management process:

_________ center on the trade off between the return the investor wants and how much risk the investor is willing to assume.

_________ refer to strategies aimed at attaining the established rate of return requirements while meeting expressed risk tolerance and applicable constraints.