For newlyweds Mr. and Mrs. Sharma, the best investment advice is to prioritize objectives like retirement before planning and saving for a foreign trip, emphasizing the importance of long-term financial security.

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

A

Suggest them a portfolio of equity shares which have good scope of giving handsome returns
B

Suggest them to save a specific amount, as per his calculations, in bank deposits every month to arrive at the future sum required
Suggest that they should prioritise objectives like retirement and then plan and save for foreign trips

Correct answer
D

Mention to the couple that planning for a foreign trip is the job of a travel agent and they should seek the travel agents advice

Why this is the answer

Long-term goals like retirement should be prioritized in financial planning to ensure financial security, with short-term goals like travel saved for subsequently.

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NISM Series XB- Investment Adviser (Leve…