This question requires me to make recommendations to a client on
how they can reach their financial goals.
The Clients information is as follows:
Inheritance $38,000,
Goal-
Buy a house that costs $340,000 (wants to have a 20% deposit and
$5,000 for legal fees) – so needs $73,000. (in the next 5
years)
Different investment choices to choose:
Cash – savings accounts, high interest accounts
Fixed interest – term deposit, government bonds, corporate
bonds
Property – investment property or your...