CIFC practice question 5 of 30
Your client Gerard is 30 years old and plans to retire at age 65. He has a mutual fund portfolio of $40,000 in which he invests $1,500 monthly…
Choose your answer, then check it against the explanation.
Your client Gerard is 30 years old and plans to retire at age 65. He has a mutual fund portfolio of
$40,000 in which he invests $1,500 monthly. Gerard's objective is to use these funds to meet the 20%
down payment requirement to buy a house for $650,000.
What is Gerard's investment time horizon not considering market fluctuations?
Question 5 of 30
Keep practicing
Take the free CIFC practice test
Ten exam-style questions with answers and explanations, plus the exam facts and study guides.
More questions
Other CIFC practice questions
- Question 1Josephine is a Dealing Representative with Sunshine Mutual Funds Inc. for over 10 years. …
- Question 2You are collecting know your client (KYC) information for your new client, Yael. She has …
- Question 3Yesterday, Mariana who is new to investing and purchased mutual funds for the very first …
- Question 4Which of the following qualifies as personal information under the Personal Information P…
- Question 6Loretta is looking for a well diversified equity fund. Her ideal mutual fund would hold i…
- Question 7You are meeting a potential client, William, for the first time. He is a high net worth i…