1. Wang and Lee consider themselves to be risk takers – they assess each opportunity on its merits. But they would never place in jeopardy their family or their family wealth. Their major financial goal is to operate a conservative budget until the children complete high school in about 9 years time. Outline the types of investments they should consider to achieve their goal.

2. Jo is a retired doctor. His income is AUD85,000 pa total from retirement fund and investment portfolio; his expense is AUD55,000 pa. He was married for 30 years until his wife died about four years ago. He now lives alone. Financially, Jo is comfortable in retirement – largely as a result of following a financial plan as a married couple for many years. He is conservative by nature – even more so since retiring and losing his wife. He want to continue self funded retirement and undertake one overseas holiday each year (approx cost AUD15,000 per holiday additional to normal expenses). Outline the types of investments he should consider to achieve his goal.

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1 ANSWER There are a few different types of investments that Wang and Lee should consider to achieve ... View the full answer