Maraba, aged 70, has decided to seek to consult you for advice. His portfolio is composed of 90% stocks and 10% bonds, with a total value of Sh. 2.7 million. Classifying himself as conservative, he blamed the aggressive allocation on a previous fund manager, and says he wants to substantially increase the fixed-income weighting of his portfolio.

From his portfolio, he hopes to fund his retirement at a rate of Sh. 10,000 per month, adjusted for inflation. He has also promised his Church at least Sh. 2 million upon his death. He is in good health, and most of the men in his family have lived into their late 80s

Return requirements and asset allocation