a. Think about the financial circumstances of your closest relative in your parents’ generation (for example, your parents’ household if you are fortunate enough to have them around). Write down the objectives and constraints for their investment decisions.

b. Now consider the financial situation of your closest friend or relative who is in his or her 30s. Write down the objectives and constraints that would fit his or her investment decision.

c. How much of the difference between the two statements is due to the age of the investors?