Once You Establish a Portfolio Designed to Achieve Your Investment

question 82

True/False

Once you establish a portfolio designed to achieve your investment goals, you can relax and forget about your investments until such time as you need the funds.

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Definitions:

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure that the total debits equal the total credits in the financial statements.

Erroneous Amount

An incorrect or mistaken quantity or figure in financial or data reports.

Account Balances

The amounts of money present in or owed by an account at any given time.

Retained Earnings

The portion of net income that is not distributed to shareholders as dividends but is kept by the company for reinvestment in its core business or to pay debt.