[管理学]个人理财案例-convoy.doc

CASE I Background Mr. Ho is single, currently aged 28, planning to get married 3 years later. He is now working in an IT firm, positioned as a business development manager. His annual income is about HKD420,000. He is now living with parents and most likely, will move out to a new home when he gets married Financial Background ? ? HKD Expected Return per annum (%) ?Term to Maturity Cash 100,000 3 N/A Fixed deposit 150,000 3.5 1 year? Currency-linked deposit 50,000 5 2 months? Stock (blue chips) 145,000 12 N/A? Insurance (cash value) 30,000 3 Whole Life? MPF 180,000 12 Aged 60 (Early Retirement) Total Asset 655,000 7.73 N/A Asset Portfolio Income Expenses ? ? HKD (Annual) Remarks? Family expenses 60,000 Utility bills payment and parents living expenses Personal expenses 120,000 N/A Tax payment 40,000 N/A Insurance premium 12,000 Sum Insured: USD150,000 with ADD and critical illness MPF contribution 12,000 50% Asian Market and 50% European Market Savings 176,000 N/A Annual income 420,000 ? Income Portfolio Recommendations 1 ? ? ? ? Emergency Cash ? ? ? ? Cash of HKD100,000 is reserved for emergency use (It is around 6 months regular expenses). ? 2 ? ? ? ? 3-year Saving Target ? ? ? ? Fixed deposit of HKD150,000 and the currency-linked deposit of HKD50,000 will contribute to the 3-year target savings plan. After 3 years, HKD200,000 in total will increase to about HKD220,000 by 3.5% fixed deposit rate. As such, Mr. Ho needs to save around HKD7,300 per month for 3 years by using monthly installment method of 4% annual interest in order to have the remaining amount of HKD280,000 in 3 years time. 3 ? ? ? ? Retirement Need ? ? ? ? Mr. Ho would like to have a higher living standard with his wife after retirement. Therefore, he expects to have the purchasing power to be equal to the present value of HKD30,000 per month. By assuming 3% inflation rate and 2% post retirement return rate, he will need to have around HKD28,000,000 for 30 years retire