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Reading 14 Lifetime Advice - Allocation to Risky assets when
Haing trouble with allocation to risky assets when HC is correlated with equities. For the practice problems (pg 368) here’s what I find
#2 allocate 65% to equities for W because of high correlation
#3 allocate 80% to equities for Lee even though nearly identical description as Wu - WHY not 65%?
#6 Answer A - allocate to fixed-income. Even if he works as a stockbroker, he is 23 years old. Should he really be more heavily invested in t-bonds? The text says he needs to balance against human capital risk, but really?
*General thoughts*
I just wanted to take the opportunity to share my general thoughts on L3. For me, this will be much harder. Lots of fluffy stuff here and not as much number crunching. The practice problems take longer having to give general responses. I am about 40 hours in having covered study sessions 3 & 4 (skipped ethics). Feeling like I am on pace as I started L2 about this time last year. Put in 350 hours for L2 and planning on more for L3. Anyone else in a similar boat?
Thanks for your responses to the questions. |
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发表于 2013-5-3 07:33
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