Tax & Evaluation第 109 / 110 题
A customer will need a down payment for a home purchase in 14 months. The appropriate primary investment objective is:
a.Preservation of capital and liquidity
b.Aggressive capital appreciation
c.Tax-advantaged long-term growth
d.Speculation using sector funds
解析
A known expense within roughly a year rules out volatility, because a decline just before the purchase cannot be recovered in time. Growth and speculation both accept short-term losses in exchange for long-run returns the customer will never realize. Time horizon is the controlling suitability factor here.
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