An investor is looking to invest $75,000 in a TFSA that will be needed in 5 years

Fantastic news! We've Found the answer you've been seeking!

Question:

An investor is looking to invest $75,000 in a TFSA that will be needed in 5 years for a house purchase.

Part A):

1) What asset allocation would you recommend? Explain why you chose this. Be specific. (3.5 marks). 2) What geographic breakdown would you choose? Be specific and explain why you chose this.

Part B):

How would your answers in Part A) be different if the investor is investing in anon-registered account instead of a TFSA?

Related Book For answer-question

Fraud examination

ISBN: 978-0538470841

4th edition

Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma

See More Books

Posted Date: Feb 21, 2024 04:57 AM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
2. A government is considering making alcohol consumption illegal as part of a public health campaign. Let's think of making alcohol illegal as the treatment, T. Write T = 1 if the government makes...
Your team was hired by an investment fund, Future Star Investment (FSI) to advise its Board of Directors on two investment alternatives which they are considering. FSI is a diversified fund. It...
A 100-m-long conductor of uniform cross section has a voltage drop of 4 V between its ends. If the density of the current flowing through it is 1.4 x 106 (A/m2), identify the material of the...
A manufacturing company is thinking of launching a new product. The company expects to sell $950,000 of the new product in the first year and $1,500,000 each year thereafter. Direct costs including...
The comparative condensed income statements of Emley Corporation are shown below. Instructions (a) Prepare a horizontal analysis of the income statement data for Emley Corporation using 2014 as a...
As a financial analyst, you want to convince a client of the merits of investing in firms that have just entered a stock exchange, as an initial public offering (IPO). Thus, you gather data on 116...
City Bus Corporation provides school bus transportation to public schools in Lancaster County. City Bus owns 50 buses that are garaged in three different cities within the county. The firm faces...
A company has a $36 million portfolio with a beta of 1.2. The futures price for a contract on an index is 869. Futures contracts on $250 times the index can be traded. How many futures have to be...
First Choice Company uses the FIFO cost formula in a perpetual inventory system. Fill in the missing amounts for items (a) through (k) in the following perpetual inventory record: Inventory Balance...
What does the business judgment rule mean? Investors are expected to exercise good judgment when making business decisions. Managers of a corporation cannot be sued for losing money as long as their...
6 points Save An Jolinar and Sons had $26,500 in net fixed assets at the beginning of the year. During the year, the company purchased $8,000 in new equipment. It also sold, at a price of $2,500,...
Problem 5.1: Please use the Excel file to calculate the future value of the cash flows. Layout your initial input separately and clearly and do all the calculations inside the Excel file. (Excel...
Lots of people claim that having a pet helps lower their stress level. Use the following summary data to test the claim that there is a lower average stress level among pet owners (group 1) than...
Globalization has made the world a more connected and interdependent place, but it has also had negative economic impacts and perpetuated social inequality within and between countries. Globalization...
A cohort of 10,000 women are screened for breast cancer via mammography. A total of 500 women have a positive mammogram. Upon further study of these 500 only 85 are found to actually have the disease...
Pride and Shine is a car wash located in Cowhead, NL and has a December 31 year end. Pride charges $11 for each car it washes, and it costs them $4.25 on average to wash a car. In 2020 Pride washed...
Why is the national security argument for tariffs questionable?
Decide whether each situation is or is not a symptom of revenue fraud. Then explain (1) Why the situation is or is not a symptom and (2) If it is a symptom, how it would be found using computer...
Commercial bribery is different from traditional bribery in that the offer made in commercial bribery is to influence an official act of government and traditional briberies never involve government...
(True and False) 1. Before financial institutions can sell or disclose confidential customer information, they must provide customers with the opportunity to opt out from information sharing. 2....
A construction engineer has to inspect 5 construction sites in a 2-day inspection schedule. He may or may not be able to visit these sites in two days. He will not visit any site more than once. (a)...
An explosion in an LNG storage tank in the process of being repaired could have occurred as the result of static electricity, malfunctioning electrical equipment, an open flame in contact with the...
What conditions for the binomial distribution, if any, fail to hold in the following situations? (a) For each of a company's eight production facilities, record whether or not there was an accident...

An investor is looking to invest $75,000 in a TFSA that will be needed in 5 years

Question:

Expert Answer:

Part A 1For a TFSA investment with a 5year time horizon and a goal of purchasing a house I would recommend a balanced portfolio with a mix of equities ... View the full answer

Fraud examination

Students also viewed these finance questions