Which of the following is the first step in the investment process?
A) perform security analyses
B) revise the portfolio
C) set the investment policy
D) construct the portfolio

Question

Quizplus · Accepted Answer

Setting the investment policy is the first step in the investment process. It involves determining the investor's objectives, constraints, and preferences, which will guide the construction of the portfolio and the selection of securities. Performing security analyses, revising the portfolio, and constructing the portfolio are steps that follow the establishment of the investment policy.

Which of the Following Is the First Step in the Investment