Different investors will have very different investment objectives and strategies. For example, some will be very active, buying and selling frequently; others will be relatively inactive, buying and holding for long periods of time. Some will be willing to bear substantial risk in seeking out returns; for others, safety is a primary concern. The investment policy statement, or IPS, is typically divided into two sections: objectives and constraints. Suppose you have RM 50,000 cash now, you want to make investment in Malaysian stock markets, but you need pay the KDU tuition in July 2021 based on this investment.

Now please discuss your own investment policy statement: (1) What is your own investment objectives in terms of risk and returns; (2) Discuss at least three of the most common and important constraints you might have to consider for this investment