R13 - LOS

[FrankCFA]

LOS 13.g: Recommend basic strategies for asset allocation and risk reduction when given an investor profile of key inputs, including human capital, financial capital, stage of life cycle, bequest preferences, risk tolerance, and financial wealth.
What’s the difference between financial capital and financial wealth? Thanks.

 

[Rogue Trader]

Capital is more durable and is used to generate wealth through investment.
How did you end up in Level3?

 

[FrankCFA]

So financial weath is just a broad concept compared to financial capital? The sentence grammar structure makes me think these should be mutual exclusive… Sry bad English…