A welldefined investment policy statement can guide asset allocation choices from "summary" of All About Asset Allocation, Second Edition by Richard Ferri
Having a clear and well-defined investment policy statement is essential for guiding your asset allocation decisions. This statement serves as a roadmap that outlines your financial goals, risk tolerance, time horizon, and investment objectives. By clearly defining these factors upfront, you can make more informed decisions about how to allocate your assets effectively.
When creating an investment policy statement, it is important to keep it simple and concise. Avoid using technical jargon or complex language that may confuse or overwhelm you. The goal is to create a document that is easy to understand and reference when making investment decisions.
Your investment policy statement should clearly state your investment goals and objectives. Are you saving for retirement, a major purchase, or your children's education? By clearly defining your goals, you can determine the appropriate level of risk and return...
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