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Scenario 1: Jim is 30 years old, has finished law school and works in a big London law firm. He has £60,000 in savings and plans to buy a house in the next 3-5 years. His portfolio is as follows:
What would you change in Jim’s portfolio allocation?
Scenario 2: Sandra is a 65-year old widower living off Social Security. She owns the home she lives in with the mortgage fully repaid. She has £120,000 in savings allocated as follows:
What would you change in Sandra’s portfolio allocation?
Scenario 3: Hector is a 28-year old, self-employed landscaping artist. He lives in his own house and still has 50% of the purchase price outstanding as mortgage debt. He has accumulated £150,000 in savings over the years, which are invested as follows:
What would you change in Hector’s portfolio allocation?
Note: There can be several correct answers to this question