Joshua is aged 30. He needs a minimum account balance of $5,000. He has $10,000 in savings set aside to go holidaying in Europe in about 1 year from now. He would like to have $15,000 set aside as emergency funds in case he loses his job or has unexpected expenses. He would like to buy a property in about 6 years from now and already has $40,000 in savings set aside as a deposit. His parents cannot act as guarantors on his home loan. He understands the risks associated with investing in shares.

Which of the following asset allocations is MOST appropriate based on the examples provided in the lecture material:

$5,000 in cash and $65,000 invested in shares.

$5,000 in cash, $25,000 in fixed interest and $40,000 in shares.

$5,000 in cash, $25,000 in fixed interest, a margin loan of $20,000 and $60,000 in shares.

$5,000 in cash and $65,000 invested in Bitcoin