NO.PZ2024101802000009
问题如下：
Contrast the most appropriate portfolio allocations to equities and fixed-income securities for the following two individuals in the accumulation phase of their wealth life cycles: an individual who works in a government job with stable income characteristics, and an individual who is pursuing an entrepreneurial career.
选项：
解释：
The individual working in a government job with stable income characteristics is likely to allocate more to risky equity securities in their portfolio allocation as compared to the individual pursuing an entrepreneurial career. The entrepreneur’s riskier future income stream is likely to cause a larger allocation to fixed-income securities as compared to the individual pursuing a government career with a less risky future income stream.
Government job: The majority of the financial asset allocation should be allocated to equities. Because the human capital is more prone to a bond like portfolio. we need to add equities as in the financial asset allocation to increase the total worth and to make diversification effect on human capital and financial capital.
Entrepreneurial career: The majority of the financial asset allocation should be allocated to Bonds. Because the human capital is more prone to a equity like portfolio. we need to add bonds as in the financial asset allocation to increase the total worth and to make diversification effect on human capital and financial capital.
