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jim8z3

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tT
发表于 2013-4-8 19:42 | 只看该作者

Investable assets question when computing required return

computing, inherited, question, required, anything
Schweser SS16, page 173
“Client inherited $1 million”, also has $55k in cds, checking account.
When they go and calculate return,
FV = - college expenses,
Pmt= - travel expenses,
PV = $1 million,
Why dont the use the $55k? I thought for investable assets, the $55k would be inlcuded. There is no mention about not using the $55k in the question , or anything that ties it to the house etc ( house not to be included in investable assets).
Anyone know why ?
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Unforseen

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2#
发表于 2013-4-8 19:42 | 只看该作者
You got to bump it up

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cmacedo

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3#
发表于 2013-4-8 19:43 | 只看该作者
IH8, don’t have the book at the office, when are they planning on travelling and do they say anything about any sort of cash reserves they’d like to keep?

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Kingpin804

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4#
发表于 2013-4-8 19:43 | 只看该作者
You are getting no replies because nobody can answer the question.
There are other threads on this with no good conclusions.

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malbec

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5#
发表于 2013-4-8 19:44 | 只看该作者
I sort of remember this question and assumed that CDs are effectively cash and so they are part of the “emergency cash reserve” along with the checking.

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cchang

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6#
发表于 2013-4-8 19:44 | 只看该作者
Maybe the 3-6 mths cash reserve you’re supposed to have on the side. doesnt everyone have like 55k cash in the bank for a ‘rainy couple of months’???

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JonnyKay

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7#
发表于 2013-4-8 19:44 | 只看该作者
I thought of this point too …. but in this case her annual living expense were only 26K so 55K is way more than 3-6 month reserves.

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therecruit

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8#
发表于 2013-4-8 19:45 | 只看该作者
I’ll give Greg Philbeck a ping on the blackberry.
ummm, I strongly DOUBT we would lose marks for including that as investable aseets since there was NO statement of any immediate use of funds or emergency reserve etc.
its liquid therefore investable.
godspeed

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brazilatz

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9#
发表于 2013-4-8 19:45 | 只看该作者
FSA,
The only thing I though of was it was in CDs (penalty to withdraw) and checking (needed for everyday expenses).
Run that by him if you don’t mind.

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