Part One: Risk Tolerance 1. If you were saving for a long-term financial goal, what would...
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Part One: Risk Tolerance 1. If you were saving for a long-term financial goal, what would you say is your tolerance of risk (high, medium, low) in regards to choosing a savings and/or investment product to be used in order to achieve this financial goal? Answer: Low tolerance risk. Provide a detailed explanation showing your understanding of risk tolerance and your reasoning as to why you have identified this level of risk tolerance (e.g. Stage of life, diversification, etc.) (5 marks) Answer: Part Three: Motivation and Accountability 3. Although you may not be in a position to do so at this point in time, when you do have a steady income, how would go about ensuring you set money aside or pay into an investment plan to achieve a financial goal? Discuss how and why you plan to avoid using this money for anything but this financial goal. (5 marks) 1. If you were saving for a long-term financial goal, what would you say is your tolerance of risk (high, medium, low) in regards to choosing a savings and/or investment product to be used in order to achieve this financial goal? Provide a detailed explanation showing your understanding of risk tolerance and your reasoning as to why you have identified this level of risk tolerance (e.g. Stage of life, diversification, etc.) (5 marks) 3. Although you may not be in a position to do so at this point in time, when you do have a steady income, how would go about ensuring you set money aside or pay into an investment plan to achieve a financial goal? Discuss how and why you plan to avoid using this money for anything but this financial goal. (5 marks) Part One: Risk Tolerance 1. If you were saving for a long-term financial goal, what would you say is your tolerance of risk (high, medium, low) in regards to choosing a savings and/or investment product to be used in order to achieve this financial goal? Answer: Low tolerance risk. Provide a detailed explanation showing your understanding of risk tolerance and your reasoning as to why you have identified this level of risk tolerance (e.g. Stage of life, diversification, etc.) (5 marks) Answer: Part Three: Motivation and Accountability 3. Although you may not be in a position to do so at this point in time, when you do have a steady income, how would go about ensuring you set money aside or pay into an investment plan to achieve a financial goal? Discuss how and why you plan to avoid using this money for anything but this financial goal. (5 marks) 1. If you were saving for a long-term financial goal, what would you say is your tolerance of risk (high, medium, low) in regards to choosing a savings and/or investment product to be used in order to achieve this financial goal? Provide a detailed explanation showing your understanding of risk tolerance and your reasoning as to why you have identified this level of risk tolerance (e.g. Stage of life, diversification, etc.) (5 marks) 3. Although you may not be in a position to do so at this point in time, when you do have a steady income, how would go about ensuring you set money aside or pay into an investment plan to achieve a financial goal? Discuss how and why you plan to avoid using this money for anything but this financial goal. (5 marks)
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