Which factor is NOT considered when developing an investment strategy?

When developing an investment strategy, factors such as market outlook, personal risk tolerance, and investment goals are crucial as they directly impact an investor's approach and decision-making process.

Market outlook helps an investor understand the broader economic conditions and potential future performance of various asset classes, guiding the selection of investments that align with anticipated market movements. Personal risk tolerance indicates how much volatility an investor can handle emotionally and financially, which is essential in selecting investment products and determining the appropriate asset allocation. Investment goals define the financial objectives an investor seeks to achieve, such as saving for retirement, buying a home, or funding education, thus shaping the investment strategy itself.

On the other hand, social security eligibility, while important for overall financial planning, does not play a direct role in the formulation of an investment strategy. It pertains more to retirement planning and cash flow considerations rather than the specific choices and allocations made within an investment portfolio. Therefore, it is not a factor that is typically considered when developing an investment strategy.