For the each scenario below, identify:

a) Investment goal

b) Type of investment account recommended (i.e., RRSP, TFSA, RESP, non-registered, etc.)

c) Asset allocation of the portfolio and why this is appropriate

d) Other aspects you would need to consider that are not specifically noted

Scenario;

Scenario 1:

Andre finished school about a year ago and has been working full-time for 8 months. He is still living with his parents but is looking to move out and buy his own condo. He wants to move out in 5 years and needs to save $45,000 for the down payment. He can save $400 / month. He has been saving in an RRSP account and it has a current balance of $12,000. He stopped making contributions to this account because his employer provides a Group RRSP. Andre makes contributions from his paycheque directly in the amount of $100 and his employer matches the contribution at a rate of 50%. He qualifies as a first time home buyer.