Why is it important to establish your risk tolerance?

Why is it important to establish your risk tolerance? Select one or more of the following answers: Select more than one: a. Establishing your risk tolerance is vital when planning your investment strategy to ensure that you have the night level of risk in relation to your financial goals. b. To establish your ability to ride out investment fluctuations and avoid making hasty decisions to sell stocks due to slumps in the market c. Establishing your risk tolerance allows you to determine when it is a good time to sell your investment d. Establishing your risk tolerance is important as it will determine the time horizon of your investments descriptions with the property data term that it