Time horizon of the investment

Period of time during which the investor is willing to keep his or her capital invested, without it being necessary for other purposes. Some investment products must be held over a certain period of time so that their most advantageous characteristics produce all their effects (e.g. guaranteed funds have a recommended investment horizon that coincides with the maturity of the guarantee; if it is redeemed before that date, the guarantee is not effective and losses may be incurred).