1. A group of securities with similar characteristics is called a(n) A: portfolio. B: industry. C: asset class. D: sector. E: market

2. In the accumulation phase of the investor life cycle A: investors with long-term time horizons should accept only low risk. B: investors have high net worth. C: investors are saving for retirement only. D: investors may seek to accumulate wealth through higher risk investments. E: none of these choices apply.