9
QuizLong Text

Personal Finances

Question 9 • 2026 VA Economics and Personal Finance - IC

Describe the factors that need to be considered before making an investment.

Answer

Answer:

Before investing, consider your financial goals, how much risk you can tolerate, the possible return, and the chance of losing money. Also consider how long you can leave the money invested, whether you may need to access it, and any fees or taxes. Diversifying investments can help reduce risk.

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