3. Using the investment goal guidelines, assess the validity of Jamie Lee and Ross's short- and long-term financial goals and objectives: Financial Question Short-term goals Long-term goals 1. How much money do they need to satisfy their investment goals?

2. How much risk are they willing to assume in an investment program?

3. What possible economic or personal conditions could alter their investment goals?

4. Considering their economic conditions, are their investment goals reasonable?

5. Are they willing to make the sacrifices necessary to ensure that they meet their investment goals?

4. Using the formula for allocating investments and the risk involved, assess how much of Jamie Lee and Ross's assets should be allocated in higher-risk growth investments? How should the remaining investments be distributed and what is the associated risk?