Multiple choice

The transition phase of an investor's wealth cycle is when the

  1. financial goals have been already met

  2. the investor has retired

  3. financial goals are approaching

  4. investor suddenly gets a windfall
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The transition phase in an investor's wealth cycle occurs when financial goals are approaching - typically 5-10 years before needing the money. This is when investors start shifting from growth-oriented investments to more conservative options to protect accumulated wealth.

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