At a dinner party your host introduces you to one of their wealthy friends, Steve, who is a financial planner. You enjoy chatting to Steve and are impressed by his acumen and impressive clientele. He explains he can't take on any more clients. A few weeks later he contacts you and explains that his business is now expanding so he can take on more clients. He explains that his investment approach is confidential and that he has a record of 10% annual returns over each of the last 5 years. He also explains that the portfolio is diversified so it is almost risk-free. Is this a great opportunity? What questions would you ask to alleviate any concerns? What additional actions should you take if you are sceptical? (You may use note form/bullet points to answer these questions.)