CFA 2011 AM Q2

For the things that increase risk tolerance questions (2b), they haven’t listed desire to bequest. Just to check, if you want to bequest, that does reduce risk tolerance, right?

I’m tired. The first sentence there meant, things that decrease risk tolerance. Sorry.

I don’t think it has a direct impact on risk tolerance. If you want to bequest a certain amount you may need to increase your return to get there. Higher return would command higher risk but it does not influence the risk tolerance which is based on liquidity needs, age, portfolio value and more than anything: willigness to take risk