I took the Live Mock from the Boston Society yesterday.
For those of you who did as well, are you missing the answer for AM Question 1 Part C?
It is regarding formulating the Time Horizon and Liquidity Constraints.
Regarding time horizon, since the guy had no goals for retirement, is it just the 2 years until buys a house? Do you include the yearly payments for his mom, which by this turns his horizon long term? Or do the payments for mom fall under liquidity? But then, is the large outflow for house under liquidity too? If so, what would be his time horizon?
Thank you and good luck on the test!