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Yuri is a university professor. He receives a steady income from teaching statistics, and this income is sufficient to support his family. Yuri also receives
Yuri is a university professor. He receives a steady income from teaching statistics, and this income is sufficient to support his family. Yuri also receives additional income from giving seminars at other universities, writing articles and consulting. Yuri is able to save all his extra income and has accumulated substantial savings. He is a riskaverse individual and invests only in GICs. As an investment advisor, what would be your recommendation to Yuri?
a Yuri has selected an appropriate investment strategy, considering his level of risk tolerance.
b Yuri is limiting his investment choices and should consider investing in other lowrisk investments in order to diversify.
c Yuri is limiting his investment choices and should consider investing in highyield, highrisk investments, which provide the best earnings potential.
d Since Yuri has accumulated substantial savings he should consider implementing an investment preservation strategy.
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