Iginla2010

“The other category can include many different types of liquidity needs. On
past exams, these have included a plan to pay cash in several years to build a
house, to make a contribution to a charity, to help develop a business, and to
meet a planned bequest. All of these have a similar characteristic in being future
outflows that do not affect the immediate portfolio allocation and, under some
circumstances, might not be considered in the required return calculation. Any of
this type of outlay should be mentioned in the client’s liquidity constraint.”
From Schweser
Anyone agree with this?