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Case Study Joe is 57 years old single person works at a local hardware store for 30 years. He is looking to retire in 3

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Case Study Joe is 57 years old single person works at a local hardware store for 30 years. He is looking to retire in 3 years and travel around the globe. His house valued at $350,000 is paid off and his only investment is a pension plan with the employer which will be sufficient to meet his living expenses. He doesn't have much experience and knowledge about investments. He came to see you with a cheque of $82,000 which he got for his winning lottery ticket. He is looking to invest these funds to use for traveling during this retirement age. His friends told him that his money may lose purchasing power by 2.10% every year if he didn't invest it. His investment objective is to protect the purchasing power and some growth of his money. Case Study You may choose any combination of the following investments to design his portfolio: 5 Years High Rate GIC at 1.90% 3 Years Bonus Rate GIC at 1.5% CIBC Money Market Fund with an average annual historical return of 0.90% CIBC Bond Fund with an average annual historical return of 6.10% CIBC Dividend Fund with an average annual historical return of 7.15% CIBC Global Equity Fund with an average annual historical return of 12.35% a) Identify major features of his KYC Design an investment portfolio b) c) Explain why it is good portfolio for him. Case Study Joe is 57 years old single person works at a local hardware store for 30 years. He is looking to retire in 3 years and travel around the globe. His house valued at $350,000 is paid off and his only investment is a pension plan with the employer which will be sufficient to meet his living expenses. He doesn't have much experience and knowledge about investments. He came to see you with a cheque of $82,000 which he got for his winning lottery ticket. He is looking to invest these funds to use for traveling during this retirement age. His friends told him that his money may lose purchasing power by 2.10% every year if he didn't invest it. His investment objective is to protect the purchasing power and some growth of his money. Case Study You may choose any combination of the following investments to design his portfolio: 5 Years High Rate GIC at 1.90% 3 Years Bonus Rate GIC at 1.5% CIBC Money Market Fund with an average annual historical return of 0.90% CIBC Bond Fund with an average annual historical return of 6.10% CIBC Dividend Fund with an average annual historical return of 7.15% CIBC Global Equity Fund with an average annual historical return of 12.35% a) Identify major features of his KYC Design an investment portfolio b) c) Explain why it is good portfolio for him

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