A retired client living on a fixed income needs current cash flow and capital preservation. Which recommendation best fits this profile?

a.A laddered portfolio of high-quality bonds and dividend-paying stocks
b.A concentrated position in a single speculative small-cap stock
c.Leveraged index options
d.A private, illiquid venture fund

Explicación

A retiree needing income and preservation is well served by high-quality bonds laddered to manage reinvestment risk plus dividend-paying equities for some inflation protection. Speculative, leveraged, or illiquid holdings conflict with income and preservation goals. Matching investments to the profile is the core of suitability.

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