The First Step Any Investor Should Take Before Beginning to Invest

question 70

Multiple Choice

The first step any investor should take before beginning to invest is to __________.

• A) establish investment objectives
• B) develop a list of investment managers with superior records to interview
• C) establish asset allocation guidelines
• D) decide between active and passive management

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Definitions:

Action Research

A type of research aimed at creating social change, in which the researcher works closely with members of a community who participate in the research process and collaborate toward the goal of social change.

Objectivity

The practice of maintaining neutrality and impartiality, avoiding bias and personal judgment, especially in research and reporting.

Methodological Approach

A systematic way of addressing problems or answering questions through specified procedures or techniques.

Replicability

The ability of research to be repeated and, thus, later verified by other researchers.