Once You Have Developed an Asset Allocation Plan for Your

question 75

True/False

Once you have developed an asset allocation plan for your investments,you never need to adjust it.

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Definitions:

Egocentricity

The inability to differentiate between one's own perspective and someone else's perspective, commonly seen in early childhood development.

Self-Esteem Fallacy

The self-esteem fallacy refers to misconceptions that high self-esteem is the primary cause of many positive outcomes or that boosting self-esteem will necessarily lead to better performance and fewer problems.

Bias

A tendency to lean in a certain direction, either in favor of or against a particular thing, person, or group, often in a way considered to be unfair.

Self-Fulfilling Prophecy

A prediction or expectation that causes itself to become true, due to the behavior of the person who holds the belief or those around them.