Assume someone who has just inherited $500,000 has asked you for investment advice. By yourself or in a group of up to four students:

1. Determine how much the person will need, when he or she will need the money, and what rate of return the person will need to meet his or her goals.

2. Develop an investment policy statement for the investor. Explain why it is appropriate for the investor. Include all relevant calculations. Your investment policy statement must include all of the objectives and constraints covered in class, and the section on the desired rate of return must show your calculations on a spreadsheet

3. Select an appropriate portfolio for this investor in terms of asset classes (or, even better, subclasses) and how much should be invested in each asset class or subclass. Explain thoroughly why this is an appropriate portfolio.

Assume someone who has just inherited $500,000 has asked you for investment advice. By yourself or in a group of up to four students: a. Determine how much the person will need when he or she will need the money, and what rate of return the person will need to meet his or her goals. b. Develop an investment policy statement for the investor. Explain why it is appropriate for the investor. Include all relevant calculations. Your investment policy statement must include all of the objectives and constraints covered in class, and the section on the desired rate of return must show your calculations on a spreadsheet C. Select an appropriate portfolio for this investor in terms of asset classes (or, even better, subclasses) and how much should be invested in each asset class or subclass. Explain thoroughly why this is an appropriate portfolio. d. Grading will be as follows: Introduction 2.5 points Objectives Return Target 6 points Risk Tolerance 3 points Constraints Liquidity 2.5 points Time Horizo 2.5 points Tax Considerations 2.5 points Legal Considerations 2.5 points Unique Needs and Circumstances 2.5 points Recommendation 2 points Why the recommendation is appropriate 2 points 4 points Originality Writing Quality 3 points Assume someone who has just inherited $500,000 has asked you for investment advice. By yourself or in a group of up to four students: a. Determine how much the person will need when he or she will need the money, and what rate of return the person will need to meet his or her goals. b. Develop an investment policy statement for the investor. Explain why it is appropriate for the investor. Include all relevant calculations. Your investment policy statement must include all of the objectives and constraints covered in class, and the section on the desired rate of return must show your calculations on a spreadsheet C. Select an appropriate portfolio for this investor in terms of asset classes (or, even better, subclasses) and how much should be invested in each asset class or subclass. Explain thoroughly why this is an appropriate portfolio. d. Grading will be as follows: Introduction 2.5 points Objectives Return Target 6 points Risk Tolerance 3 points Constraints Liquidity 2.5 points Time Horizo 2.5 points Tax Considerations 2.5 points Legal Considerations 2.5 points Unique Needs and Circumstances 2.5 points Recommendation 2 points Why the recommendation is appropriate 2 points 4 points Originality Writing Quality 3 points