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Vallerand (2008) distinguishes between two types of passion: harmonious and
Social Constraint
Limitations or restrictions on behavior that are enforced by social or cultural norms.
Investment Policy Statement
A document that outlines an investor’s objectives, risk tolerance, time horizon, and investment constraints, guiding the investment decisions and strategies.
Mutual Funds
Investment programs funded by shareholders that trade in diversified holdings and are professionally managed.
Investment Objectives
The financial goals that guide an investor's decisions, including risk tolerance, time horizon, and return expectations.
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