Question: Characterize the following investors as to whether their major investment objectives are likely to be savings or income. What would be a likely typical investment horizon for each investor?
a. A graduate student in her mid-20s
b. A fading rock star in his mid-20s who has saved several million dollars over the past five years
c. A dual-income professional couple in their mid-30s, with two children
d. A 40-year-old just-retired major league baseball player who never went to college but has saved up several million dollars and owes large annual alimony payments
e. A retired couple in their late 60s.