Part B, 4 points: State two reasons why Voorts ability to assume risk in investment portfolio is above average:
Guideline answer:
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They have a substantial asset base relative to their spending needs
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They own a home and have no debt so the home could be sold or borrowed against if cash is needed
MY ANSWER exactly how I wrote it:
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Living expenses are a low % of inv. portfolio
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House is mortgage free
Would this get full points? THANKS!