Explain how the results would suggest you invest funds for the following goals, purchasing a home  in seven years and for retiring in 35 years. Indicate the asset allocation you would use for each of these purposes based on your risk tolerance. Explain why the textbook suggests that your asset allocation in your early  career should be mostly stocks and in retirement should be mostly bonds and why there could be exceptions to this general rule.

Answer rating: 100% (QA)

When investing funds for purchasing a home in seven years the investment horizon is relatively shortterm so a more conservative approach is advisable ... View the full answer