How Long Should You Keep Documents Relating to Investments

question 64

Multiple Choice

How long should you keep documents relating to investments?

• A) No need to since the broker probably has a copy.
• B) As long as you own them.
• C) Seven years.
• D) Ten years.
• E) Permanently.

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Definitions:

Equipment

Tangible assets used in the operation of a business, not intended for sale.

Selling Price

The price at which a product or service is sold to customers, determining the revenue generated from sales activities.

Note Payable

A written promise to pay a specified sum of money, usually with interest, by a certain date.

Financing Activities

Transactions related to raising capital and paying back investors, including issuing equity and debt as well as dividend payments.