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Finical Plan for Cameron LoveridgeAge: 21Net Income: $10,800 (See Attachment A)Net Worth: $4,080 (See Attachment A)Monthly Savings: $300/month (See Attachment B future)Emergency Savings: 7,500 Wells Fargo online saving account (See Attachment B)Investor Profile: Balanced (See Attachment C)Credit Score: 750 Tax Bracket: 10%Life Insurance: $500,000 Protective 30-year term, 30.96/mo.Savings Goals:1. Car loan: Amount $10,000Start date: 8-1-2019 End date: 3-1-2022Time: 3 yearsMonthly Investment: 278Investment Type: Fidelity Strategic Income fund (FSICX) bondAnticipated Annual Return: 4.25% 2. Marriage ring: Amount $2,000Start Date: 9-9-17 End Date: 5-9-18Time: 8 monthsMonthly investment: 270Investment Type: American First Online savings accountAnticipated Annual return: 1%3.House down payment: Amount $5,000Start date: 6-1-19 End date: 6-1-25Time: 6 yearsMonthly Investment: $70Investment Type: PIMCO income fund class D (PONDX) bondAnticipated Annual return: 6.5%-457200-571500Attachment AAttachment AAttachment BOnline Savings;BankInterestMinimumFeesGS Bank1.2%No minimumNoneAlly Bank1.2%No minimumNoneDiscover1.15%No minimumNoneOnline CD’s:BankYear 1Year 2Year 3Year 4Year 5GS Bank1.5%1.65%2.0%1.9%2.4%Ally Bank1.35%1.5%1.5%1.5%2.25%Discover1.50%1.55%1.60%1.70%2.25%Bank/Credit Union Savings:BankInterestMinFeesWellsfargo.01%25$$5 if less than $300America First.1%1$$10 annual inactivity feeChase Bank.01%$25$5 monthly feeBank/Credit Union CD’s:BankYears 1Years 2Years 3Years 4Years 5FeesMin.Wellsfargo.5%-.75%-.95%$2,500America First1.25%1.5%1.75%2%2.55%$500Chase Bank.02%.15%.15%.45%.55%None upfrontNo minAttachment CPersonal FinanceInvestor Profile QuestionnaireFor each of the following groups of statements, select the statement that most closely reflects your financial situation and investment philosophy (circle numbers).A.1. One can’t be too careful.When in doubt, err on the side of caution.Nothing ventured, nothing gained.1. Put safety first, stick with risk free investments.2. Don’t put all your eggs in a few baskets, diversification is important.3. Put most of your money in your best investment ideas. 1. Receiving dependable income is more important than growth.Income and growth are equally important.Growth is more important than current income.1. I prefer conservative investments.I like to have a mix of conservative and growth oriented investments.I want growth and am willing to risk significant capital to achieve it.A respected friend suggests the time is right to invest aggressively, youRefuse to take more risk.Invest a portion of your savings.Invest all your savings.You win a contest and can choose among three prizes, which do you select?Receive $5000 today.Receive $2000/year for 5 years.Receive $25,000 10 years from now.An emergency requires $10,000 unexpectedly, youHave to liquidate all your investments.Have to liquidate 25% of your investments.Could handle it without liquidating any of your investments. The stock market is dropping in value, you would sell your investments afterA 10% drop in value.A 20% drop in value.I would not sell in a down market.Personal FinanceInvestor Profile Questionnaire Score CardTotal Score: 8-10 Very Conservative11-14 Conservative15-17 Balanced18-21 Aggressive22-24 Very Aggressive ................
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