Cliff Swatner is single, 33, and owns a condominium in New York City worth $250,000. Cliff is an attorney and doing well financially. His income last year exceeded $90,000, and he has sufficient liquid assets to supplement his condominium and other tangible assets. Several years ago, Cliff began investing in stocks and bonds. He made his selections on the basis of articles he read describing good investment opportunities. Some have worked well for Cliff, but others have not. Cliff has never taken the time to evaluate his portfolio performance, but he feels it isn't very good. Cliff currently has about $90,000 invested. He has been dating a woman lately and hopes to marry her in three years, at which time he will need $20,000 for marriage expenses and a honeymoon. Cliff's only other objective is to accumulate funds for retirement, but he does not have a specific dollar target for this goal. Cliff feels that he has a moderate risk-tolerance level.
Explain some disadvantages of Cliff's current investment approach.
Construct a portfolio for Cliff, limiting your selections to mutual funds (assume that he sells his current stock and bond holdings). Make sure your plan indicates specific dollar amounts for each portfolio component. Make sure your plan also explains your selections for each portfolio component.
Explain how Cliff should periodically rebalance his portfolio, indicating how frequently rebalancing should be done.
SHOW ALL WORK FOR EACH ASSIGNMENT AND EXPLAIN EACH STEP CAREFULLY.
2007-04-11 20:27:52 · 4 answers · asked by SHERRY L 1 in Business & Finance ➔ Investing
I think Sherry needs to marry Cliff since he is more capable of handling this problem than she is.
2007-04-11 20:32:47 · answer #1 · answered by Red Winged Bandit 4 · 2⤊ 0⤋
How are you ever going to learn if you get some-one else to do your Assignments ??
Go to your Course Tutor and tell them that you have no idea how to do the assignment and you need some remedial assistance.
2007-04-11 20:54:41 · answer #2 · answered by Steve B 7 · 2⤊ 0⤋
Deceiving your teacher into believing you understand such problems and can analyse them, will only ensure that you never learn. and any one who helps you here is not doing you a favour,
If you do not know, let your teacher realise it. It is his job to teach you.
2007-04-13 08:35:45 · answer #3 · answered by Anonymous · 0⤊ 0⤋
What do you want us to do, do your homework for you ??
2007-04-11 23:02:31 · answer #4 · answered by BangkokBob 4 · 2⤊ 0⤋