Yakov does not want to take on the excessive risk associated with aggressive growth funds, but also wants higher returns than those offered by the extremely low-risk money market, asset allocation, growth and income funds.

Because he is not going to need the money for 15 years, Yakov can choose a conservative or a moderate investment policy.

After establishing his portfolio, Yakov will continue or cease to monitor the performance of his funds.

Because he knows that funds with loads are more costly, are safer investments, generate higher returns, he eliminates or focuses on funds with loads.

6. The process of selecting a mutual fund Yakov, a 22-year-old recent college graduate, recently received $1,000 from his grandmother. He plans to make additional monthly deposits of $300, with the goal of saving enough to buy a home within 15 years. The following statements represent the different things Yakov must consider before choosing a mutual fund (not in the correct order). Complete each statement by choosing the appropriate words or phrases, and then indicate which step in the process of choosing a mutual fund it reflects