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- 2016-8-30
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If it's three years out, wouldn't that indicate a new time horizon? If it's the following year (Mr. X needs 1M to buy a house in a year) then it would be liquidity. I thought the cutoff was within a year, because if it's within the next year then you're just going to sock away the cash you need in a risk-free asset until you need it. Other thoughts? |
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