Mr. Adnan age 28 years is an Indian citizen who is working for PDO. Mr. Adnan is seeking for investment advice to create an investment portfolio. According to you, what will be the
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- A 40-year-old civil servant client of yours is 20 years away from retirement; A 35-year-old self-employed also need an investment policy statement. In writing their investment policy statement how might their investment policy statements differ?A 40-year-old civil servant client of yours is 20 years away from retirement;A 35-year-old self-employed also needs an investment policy statement. Inwriting their investment policy statement how might their investment policystatements differ.Three good friends from a primary school in Taiping in 1970’s met during a school reunion held in Kula Lumpur. They are all now having good job except for Joe who has been retrenched due to the relocation of the employer’s plant from Malaysia to Cambodia. Sehar and Hock Seng decided to help Joe by forming a business partnership to operate a restaurant called Kita Punya Warong (KPW). On 1 June 2019, KPW started its operation with the following capital investment structure: Joe (RM) Sehar (RM) Hock Seng (RM) Cash - 30,000 50,000 Vehicle 10,000 15,000 - Equipment 20,000 15,000 20,000 Note Payable - 20,000 - Additional information: Interest on cash capital investment is 10% while any withdrawals made are charged at 5% per annum respectively. A cash loan by Sehar to KPW is given a 7% interest per annum until it is fully paid. Joe was given a salary of RM2,500 until end of 2019. Starting from January 2020, he received a salary of…
- ii. Discuss four reasons for a policy statement in Financial Investment.iii. A 40-year-old civil servant client of yours is 20 years away from retirement;A 35-year-old self-employed also needs an investment policy statement. Inwriting their investment policy statement how might their investment policystatements differ.While studying, Miriam worked as student-assistant in their department. She graduated with honor and directly hired by the school. Two years after she lent to Juana and developed their rice farm in the province. The capital she used for improving the rice production is ______. a. private b. social c. debt d. equity e. all of the aboveSuppose you are28 and married. You and your spouse file for income taxes jointly. You are in the 25% tax bracket. You are considering a few personal investment issues. Which one of the followings is likely to be the best investmentinyour 401 (k) account? _____ a. Municipal bonds b. 1-year Treasury notes c. Stock mutual funds d .Annuities
- John Mesa, CFA, is a portfolio manager in the Trust Department of BigBanc. Mesa has been asked to review the investment portfolios of Robert and Mary Smith, a retired couple and potential clients. Previously, the Smiths had been working with another financial advisor, WealthMax Financial Consultants (WFC). To assist Mesa, the Smiths have provided the following background information. Family: We live alone. Our only daughter and granddaughter are financially secure and independent. Health: We are both 65 years of age and in good health. Our medical costs are covered by insurance. Housing: Our house needs major renovation. The work will be completed within the next 6 months, at an estimated cost of $200,000. Expenses: Our annual after-tax living costs are expected to be $150,000 for this year and are rising with inflation, which is expected to continue at 3 percent annually. Income: In addition to income from the Gift Fund and the Family Portfolio (both described below), we…Ms. Espinoza is retired and depends on her investments for her income. Mr. Liu is a young executive who wants to save for the future. Both are stockholders in Scaled Composites, LLC, which is building SpaceShipOne to take commercial passengers into space. This investment's payoff is many years away. Assume it has a positive NPV for Mr. Liu. Explain why this investment also makes sense for Ms. Espinoza.Suppose you are28 and married. You and your spouse file for income taxes jointly. You are in the 25% tax bracket. You are considering a few personal investment issues. If your employer provides the following matching schedule on your contribution to the 401 (k): 100% matching for the first 3% of your salary and then 50% matching for the next 2% of your salary. You plan to work for the current employer for 3-7 years before you start your own business. Which one of the following seems to be the best investment strategy? a.Invest all your income inside your regular taxable investment account. b.First, contribute 5% of your salary to your 401 (k), then invest the rest in your IRAs and Roth IRA account, finally invest the remaining money, if any, in your regular taxable investment account. c.Contribute 5% of your salary to your 401 (k), and then invest all the rest money in your regular taxable investment account. d.First, fully fund your IRA and Roth IRA account, then fund your401 (k),…
- Scenario A: – Married young coupleDan and Judith Murphy are an Australian married couple who live in Gold Coast, Queensland with their 3 children and Dan’s father. Dan and Judith plan to purchase some assets and wonder which way is best to optimise their tax obligations on various investments. They have visited your office to seek advice to optimise their tax obligation in relation to the following investment situation. Dan Murphy is considering a change of his business structure from the sole trader to another structure commencing on the 1st of July 2022 (starting from a new financial year).He has provided you with the following financial and other family details.> Dan is earning $150,000 (net of deductions) per annum from his engineering business.> Judith earns $10,000 (net of deductions) from her teaching job.They have the following family members living with them.• Robert Murphy: Dan’s father who is 70 years old. He has retired from his job as chief executive officer of…Marcus is 54 and single. He would like to make the maximum Roth IRA contribution in 2022. He is an active participant in ABC Corp.'s profit sharing plan, and his AGI is $130,500. What is his maximum Roth IRA contribution? A) $7,000 B) $5,000 C) $6,300 D) $6,000 Give typing answer with explanation and conclusionRhoda Rabs emigrated from the Caribbean to Toronto in her twenties to pursue employmentopportunities and have “a better life”. Rhoda has achieved her career goals in Toronto and has beenable to help support her extended family financially in the Caribbean through regular remittancesover the past 20 years. An island girl at heart, Rhoda would like to retire in the Caribbean within thenext 15 years, in this regard she has opened a deferred annuity retirement account with a majorCaribbean insurance company and is considering further equity and bond investments in theCaribbean in preparation for her retirement.During a recent family reunion trip, Rhoda shared her investment and retirement plans with hernephew Kerron who is a second year student at the UWI faculty of Social Sciences. Kerron’s replywas as follows:“Aunty Rhoda I have just completed a course in Financial Institutions & Markets and I can give youthree good reasons NOT to invest in the Caribbean: (1) No one knows how…