Part B, 4 points: State two reasons why Voorts ability to assume risk in investment portfolio is above average:
Guideline answer:
- They have a substantial asset base relative to their spending needs
- They own a home and have no debt so the home could be sold or borrowed against if cash is needed
MY ANSWER exactly how I wrote it:
- Living expenses are a low % of inv. portfolio
- House is mortgage free
Would this get full points? THANKS!
Guideline answer:
- They have a substantial asset base relative to their spending needs
- They own a home and have no debt so the home could be sold or borrowed against if cash is needed
MY ANSWER exactly how I wrote it:
- Living expenses are a low % of inv. portfolio
- House is mortgage free
Would this get full points? THANKS!