Some studies have suggested that up to 70% of lottery winners lose their einnings within as short of a period as seven years. Which of the following statements are correct regarding advice for a lottery winner?

1.) Principal protection is the most important issue

2.) It is extremely important to invest lottery winnings quickly to take advantage of opportunities to grow the principal

a.) 1 only

b.) 2 only

c.) Both 1 and 2

d.) Neither 1 nor 2