SIE Exam Question 118: Answer and Explanation

Question: 118

How long must you hold an investment for it to be considered long term?

• A. 6 months
• B. 1 year
• C. 1 year and 1 day
• D. 2 years

Correct Answer: C

Explanation:

An investment must be held for one year and one day to be considered long term. Anything less is considered short term.