Describe the stage in the adult life cycle $($Chapter $1,$ Exhibit $1-1)$ that Jamie Lee and Ross are experiencing right now. What are some of the financial activities that they should be participating in at this stage?

After reviewing Jamie Lee and Ross's current financial situation, suggest specific and measurable short$-$term and long$-$term investment goals that can be implemented at this stage.

Using the investment goal guidelines listed below, assess the validity of Jamie Lee and Ross's short$-$ and long$-$term goals $($college education for the kids, retirement, and a second home$).$

$\backslash$table$[[$Financial Question,Short$-$Term Goals,Long$-$Term Goals$],[\backslash$table$[[1.$ How much money do they need to satisfy their$],[$investment goals?$]],,],[\backslash$table$[[2.$ How much risk are they willing to assume in an$],[$investment program?$]],,],[\backslash$table$[[3.$ What possible economic or personal conditions$],[$could alter their investment goals?$]],,],[\backslash$table$[[4.$ Considering their economic conditions, are their$],[$investment goals reasonable?$]],,],[\backslash$table$[[5.$ Are they willing to make the sacrifices necessary$],[$to ensure that they meet their investment goals?$]],,]]$

Using the formula to determine the percentage of growth investments discussed in this chapter, determine how much of Jamie Lee and Ross's investments should be growth investments. How should the remaining investments be distributed, and what is the associated risk of each type of investment?

Jamie Lee and Ross need to evaluate their emergency fund of $$21,000.$ Will their present emergency fund be sufficient to cover them should one of them lose their job?

Jamie Lee and Ross agree that by accomplishing their short$-$term goals, they can budget $$7,000$ a year toward their long$-$term investment goals. They are estimating that