Question
Zhuhai Wei, age 51, is a professional individual investor in Shenzhen. Wei is an engineer by trade but has also been successful in real estate
Zhuhai Wei, age 51, is a professional individual investor in Shenzhen. Wei is an engineer by trade but has also been successful in real estate development. His portfolio consists of CNY 16.5 million in a liquid securities portfolio, including some common stock positions in which he has large embedded capital gains, and several real estate investments valued at approximately CNY9 million(combined) He expects to make additional real estate investments in the coming years. He estimates that he can invest approximately CNY 330,000 per year, inflation-adjusted, in real estate until retirement.
He has a much higher than average tolerance for volatility, and historically, his liquid portfolio has consisted mostly of large-cap stocks of technology companies. He has stated that his time horizon is 10 years since he anticipates retiring in approximately 10 years. He estimates that he will need approximately a CNY1million per year, inflation-adjusted, to support his lifestyle in retirement. He wishes to grow his investment resources and create a significant inheritance for his children.
How does Wei's wealth manager identify his investment objectives?
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
Weis wealth manager would identify his investment objectives through a process of consultation and ...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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