NISM Series XIX-D Practice Questions - NISM Series XIX-D Category I And II Alternative Investment Fund Managers Certification Examination Exam

Investment involves high risk with short-term return expectations, whereas speculation is always long-term. Investment is based on thorough analysis, safety of principal, and a reasonable return, while speculation is based on market rumors and price movements. Investment relies strictly on derivatives and leverage, while speculation relies only on cash-and-carry markets. Investment is done only by retail clients, whereas speculation is restricted to institutional funds.