In the Week 2 folder, you will see a content item labeled "Vanguard", with a short description of the firm. There is an investor's questionnaire. For this discussion assignment, you are asked to do the questionnaire. There is no obligation nor are you required to divulge any personal information.

First, if you have any investments, write down the approximate allocation between short-term reserves (cash, savings account), stocks, and bonds. If you have yet to start any investments, write down what you believe you would have had you started investments in these markets.

Answer the questionnaire to the best of your ability and from your current perspective as investor. Meaning, if you do not yet have any investments, answer the question based on your current knowledge and thoughts about investing. The last question asks about your current allocation. Again, if you have no investments, leave this item as is (100% in short-term reserves).

For this discussion post, narrative that addresses each of these questions:

1. What is your suggested allocation across the 3 classes (short-term reserves, stocks, bonds)?
2. What does this allocation indicate to you in terms of your risk profile and why?
3. How does this allocation compare to your current, or theoretical allocation?
4. What limitations of this survey are apparent to you? Are there any limitations?
5. If you were advising a client who has requested your investment expertise, would you utilize a survey such as this one? Why? If not, why?
6. As a follow up to #5, assume you would use the survey to help the client. What other information would be valuable to provide the best guidance to the client?