Question
Help with Financial Portfolio. Background Information: A client comes to you wishing to invest $500,000. Personal background information on the client is as follows: the
Help with Financial Portfolio.
Background Information: A client comes to you wishing to invest $500,000. Personal background information on the client is as follows: the client is a 37 year old marketing manager with an annual salary of $68,000. The client's spouse, also 37 years old, works part-time as a freelance journalist earning approximately $24,000 annually. They have two children ages 11 and 8 and live in a suburb of Chicago. They both hope to retire at the age of 62. The client participates in an employer sponsored 401k plan, but has no other retirement savings. The couple recently received the $500,000 from an inheritance. They wish to invest the money to fund their future retirement. You will construct a well-diversified portfolio for the client utilizing 90% of the $500,000. The portfolio should include a combination of four of the following options. Choose the four investment categories that you feel would best suit the client's needs. 1. Common stock 2. Preferred stock 3. Bonds 4. Mutual funds
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