Time horizon refers to the length of time over which an investment is expected to be held before it is liquidated or sold, reflecting an investor's investment horizon, financial goals, and risk tolerance. Time horizon is a critical factor in investment decision-making, asset allocation, and portfolio construction, influencing the selection of investment vehicles, risk management strategies, and expected returns. Investors with longer time horizons typically have greater flexibility to tolerate short-term market fluctuations, pursue higher-risk investments, and benefit from the power of compounding and long-term growth potential. Conversely, investors with shorter time horizons may prefer more conservative investments with lower volatility and higher liquidity to meet short-term financial needs or obligations. Time horizon considerations are essential for retirement planning, education savings, wealth accumulation, and achieving long-term financial objectives, guiding investors in aligning their investment strategies with their unique financial circumstances, goals, and time horizons.