BOB MILLER

Time horizon
Bob miller is 42 years old single man. His retirement plan is at the age of 65 with the investment
time horizon of 23 years. He is at consolidation phase of investor life cycle.

Investment Objective
Bob Miller wants sufficient growth of his investment at the time of retirement so that he could
have comfortable retired life. Therefore, his investment objective is to realize capital
appreciation which focuses on the aggressive growth of the investment value.

Financial stability
Miller does not have any dependents and his annual salary is $50000. This shows that short term
losses wont affect his financial position much.

Liquidity needs
Bob miller is single and his annual salary is $50000 so this suggests that the probability of his
short-term need is low as he would not require as much as funds that is required by the people
who have family.

Risk Tolerance
Miller has acknowledged that he wont change his investment strategy simply due to short term
losses. He has invested sizable portion of his portfolio to Canadian oil and gas stocks despite
warning by Wong that these stocks were subject to great cyclical volatility. He has invested 70 %
of his portfolio in equities. All these suggest that Bob Miller is capable of tolerating the high risk
and withstand greater short term losses.

Emotional Stability
Despite saying that he wont change his strategy just because of short term losses, Miller was
highly impacted emotionally by the news of the financial crisis because of which he might even
pull his money out of equities entirely.