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During a recent hurricane, 25 individuals of the same butterfly species were blown onto a barrier island in southern Florida. After several years, the population stabilized with approximately 150 individuals. The butterflies and the flowers that they require for food would be considered an example of a(n)
Target-date
A mutual fund or retirement portfolio that automatically shifts towards more conservative investments as the target date (usually retirement) approaches.
Retirement Funds
Retirement funds are financial plans that allow individuals to save money for their retirement years, typically consisting of a mix of stocks, bonds, and other assets.
Investment Policy Statement
A document drafted between a portfolio manager and a client that outlines general rules for the manager, including the client's objectives, risk tolerance, time horizon, and liquidity needs.
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