Most people want to______ for the future, to cover unexpected financial difficulties and provide them with security. Different people, however, tend to have different______so that a 25-year-old just leaving university would be investing for the long term, while a 60-year-old who had just retired would probably invest for income. Despite these differences, certain_____apply in most cases. The first issue to consider is_____. In general, the greater the degree of risk in investment, the higher the return. A further consideration is investor involvement. Some investors choose a high degree of involvement and want to buy and sell regularly, constantly watching the markets. Others prefer to leave the management of their investments to______ fund managers.