Need help in cross checking answers.I feel the answer wont change much if I use a nonregistered account instead of a TFSA.But need your help to confirm. The question is as follows: You have graduated from Kingston College and now work for We Can Grow Your Wealth Financial Inc.. Your new client Mary is looking to invest $75,000 in a TFSA that will be needed in 5 years for a house purchase. A novice investor, Mary is looking to you for guidance. 1) What asset allocation (percentage between Cash/Fixed income/Equities) would you recommend? Explain why you chose this asset mix. 2) What geographic breakdown would you choose for each asset class chosen and why you chose this. 3) Would you recommend mutual funds or ETFs for your client? Provide 2 arguments for recommending mutual funds and 2 arguments for ETFs. 4)Name a mutual fund or an ETF you have chosen to fit into your recommended asset mix. Why did you choose this mutual fund or ETF? (2 marks)

5)How would the answers in 1) and 2) in Part A) be different if Mary is investing in a nonregistered account instead of a TFSA?

6)Mary also has money in an RRSP with you and questions why her RBC Canadian Balanced mutual fund generated a return in 2021 that was lower than the return of the S&P 500 index. 1) Provide 2 reasons why her balanced mutual fund likely underperformed the S&P 50 2) Will Mary's concern lead you to sell her RBC Balanced Fund? Explain why you would or would not sell the fund