请问这道题对于学组合管理的需要掌握吗？

问题如下：

Risk to which of the following is least likely to compromise the Grahams’ ability to achieve their financial and aspirational goals?

选项：

Health

Earnings

Property

解释：

Because property is a financial asset, property risk is normally considered to be associated with a potential loss of financial capital, whereas earnings and health risk can affect both financial and human capital. Although the value of the Grahams’ residence is significant, it is a minor portion of the family’s overall financial and human capital. Thus, property risk is least likely to adversely affect the Grahams’ ability to maintain their lifestyle, purchase a vacation home, pay for their children’s university education, and fund charitable donations.

A is incorrect. Health risk is the risk and implication associated with illness or injury. Even with insurance, direct financial costs associated with illness or injury may include coinsurance, copayments, and deductibles. Health factors also typically have an impact on life, disability, and long-term care insurance premiums. Health risks also have implications for human capital and financial capital. For example, if a worker becomes disabled, he or she may be unable to work while health expenses are incurred, resulting in a loss to both current assets and future earnings.

B is incorrect. Earnings risk is the risk associated with an individual’s earning potential. Given that there are 15/17 years before retirement, this is a significant risk for them. Earnings can be impacted by death, health issues, unemployment, and underemployment. The loss of earnings reduces human capital by reducing the present value of future expected labor income and financial capital because assets will be needed to make up for any loss of income.