CFA Practice Question
Which of the following is correct?
A. In the Spending/Gifting Phase, the investor is typically less risk averse.
B. Asset Allocation is the allocation of assets into different asset classes.
C. In an investor's Life Cycle, the Accumulation Phase comes after the Consolidation Phase.
Explanation: In an investor's Life Cycle, the Consolidation Phase comes after the Accumulation Phase. In the Spending/Gifting Phase, the investor is typically more risk averse.
User Contributed Comments 1
| User | Comment |
|---|---|
| jpducros | Spending/Gifting phase begins at retirement. |