What is a Time Horizon? HOW LONG YOU PLAN ON USING A BUDGET HOW LONG YOU PLAN ON INVESTING TO REACH A CERTAIN GOAL HOW LONG YOU PLAN ON INVESTING OVER YOUR LIFETIME THE EDGE OF A BLACK HOLE What is a Diversified portfolio? A PORTFOLIO MADE OF STOCKS FROM DIFFERENT INDUSTRIES A PORTFOLIO MADE OF STOCKS FROM DIFFERENT SECTORS A PORTFOLIO MADE OF STOCKS FROM DIFFERENT LOCATIONS ALL OF THE ABOVE If you are a new investor, which approach is the safest way to start? A DIVERSIFIED PORTFOLIO AN INDUSTRY-SPECIFIC PORTFOLIO A PORTFOLIO WITH ONLY ONE STOCK STAYING OUT OF THE MARKET ENTIRELY