Q1. As investors grow older, their time horizons shorten, and: A) most investors have increasing levels of risk tolerance, but wealthy investors with bequest goals may have decreasing risk tolerance. B) most investors have decreasing levels of risk tolerance, but wealthy investors with bequest goals may have increasing risk tolerance. C) a minority of all investors have decreasing levels of risk tolerance.
Q2. The desirability of realizing taxable capital gains: A) often becomes greater as the investor’s time horizon shrinks. B) is not affected by changes in the investor’s time horizon. C) often becomes less as the investor’s time horizon shrinks.
Q3. The rationale for changing risk tolerance is that: A) for most investors, a shorter time horizon implies less ability to tolerate risk, but for wealthy investors, the focus often shifts to the recipients of the estate. B) for most investors, a shorter time horizon implies more ability to tolerate risk, but for wealthy investors, the focus often shifts to the recipients of the estate. C) for wealthy investors, a shorter time horizon implies more ability to tolerate risk, but for most investors, the focus often shifts to the recipients of the estate.
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发表于 2009-1-20 09:09
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