Some individuals may be investing too conservatively due to the following reason(s):

I The client has a lower risk appetite due to the lack of investment knowledge

II The client feels more comfortable in investing in an investment instrument that is deemed safer.

III The financial planner advising the client may want to play it safe by giving a lower return through a low-risk instrument rather than risk the possibility of suffering a huge loss in exchange for a higher return in the long-term.

All of the listed choices

II and III

I only

III only