Which of the following statements is true about financial planning

Asked by maham237 @ in Business viewed by 272 People

A)Once you have painstakingly developed a financial plan, it is not wise to change it.

B)You must always consider the tax consequences of selling your investments.

C)Any kind of financial expert (such as a stockbroker, lawyer, or accountant) can help you develop a comprehensive financial plan.

D)Once you have made a decision to buy an investment, there is no need for continued evaluation.

Answered by maham237 @


Which of the following statements is true about financial planning?

B) You must always consider the tax consequences of selling your investments.

Answer B is the best choice for the question because you must always considered the tax consequences when selling investments. Investments are always taxed whether it be initially or at the time of sale and that needs to be kept in mind if selling under value especially. You are recommended to check your financial plans often to make sure they are aligning with your goals.


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