(personal financial managment)

Assignment task :The basic requirement is the

preparation of a financlal plan /report that provide

specific advice for your clients whose details are

outlined below,

Client profile: Mrjack and Mrs helly have recently

married and in planning their future, they have

decided to solicit the services of a financial advisor

with the aim of implementing their short and long

term lifestyle goals and financial plans. Mr jackson

and Mrs.helly are both aged 28.

For their immedlate future they have decided they

want to purchases new house and a new car.

The house they want has a value of 400,000 $ and

they are very excited as both jackson and helly have

never owned a home before. They would also like

new car for $20,000 however are unsure

to buy

whether to purchase the car outright or salary

sacrifice in order to obtain the car. They expect to

travel approximately 35,000km per year. Their longer

term plans involve establishing a fairly aggressve

investment portfollo with the aim of directly

purchasing an investment property and investing in

a

share portfolio of some sort amongst other

strategies that you may recommend. They have also

heard

from a friend that margin lending can be a profitable

and expedite way to achieve their goals

Mr jackson works as a software engineer in MOl he

earns $70,000 gross income, while helly works for a

bank and earns $55,000 gross income. They also

enjoy taking holidays and plan to have a holiday

each year to the value of $5,000 with an around the

world trip planned for five year's time tp the value

$20,000 jackson and helly are also keen to retire

early and are quite willing to take on additional risk

if this assists in them achieving their lifestyle goals

faster, They have managed to save between them

$180,000 in cash and are looking forward to your advise on how they should go about planning fortheir future lives together.

- set a financial plan for them

- make a calculcations

- put your suggestions