Question
In preparing the Investment Objective section of John Jingles investment policy statement, which of the following reflects the appropriate way to document an objective in
In preparing the Investment Objective section of John Jingles investment policy statement, which of the following reflects the appropriate way to document an objective in the IPS:
Group of answer choices
John would like to grow his current investable portfolio of $1,000,000 to an adequate amount to retire.
Johns retirement lifestyle is projected to be $5,500,000 in 25 years. This objective requires $25,000 annual savings, 6% annual return after taxes and inflation of 2%, and a beginning investable account of $1,000,000.
John will contribute $25,000 toward retirement in addition to his existing investments.
John would like to retire with $10,000,000, but will only be able to achieve $5,500,000 with a diversified portfolio. Our firm will assist John in meeting his goal by investing his current portfolio is concentrated positions to achieve $10,000,000.
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