Assignment: Risk management report
1. Christina and her spouse have a steady income job. They own a real estate brokerage company.
2. She is a little impatient and always persists in her own idea. When there is obvious fluctuation of the value of the product, she will show anxiety
3. She loves travelling around the world, going shopping and buying arts. Spending on travelling and shopping accounted for a large proportion of income
4. She works very hard in everyday life and just plays tennis with her children for a very limited time
5. In addition to deposits and bonds, she almost does not invest in other products
6. She is willing to bear the limited principal loss for this purpose and wanted a steady growth in assets.
Problems
1. Christina and her husband own a real estate brokerage company. A lot of properties are on sale. But they do not know when it can be sold out.
A. She needs to buy insurance because some properties are abroad. It has a large variance due to some political environment and risk of exchange rate
B. She can put some properties on the advertisement and provide leasing for vacation rentals. It can decrease the cost
2. Christina and her husband always need to go many different countries. Their clients are from worldwide and have a broad spectrum of classes. Because they need to promote some luxury real estates to some specific region and people.
A. she needs to buy life insurance because of her occupation. For example, the auto insurance, flight delay insurance and the aviation accident insurance during travelling. If the plane is delayed, she can obtain some compensation from the insurance company.
3. Christina always need to work and do not have enough time to do the exercise. Because she always sits in her chair, her backbone was not very healthy.
A. She needs to buy a health insurance and minimize the cost of risk
B. She can increase the frequency of doing the exercises.
Develop a profile of risk management needs. This will require that you make the predictions regarding how your future career and lifestyle might develop, and prepare a related risk management needs assessment. The needs assessment should be shown on your proposal. You will create an imaginary person (or future yourself), and you will work as a personal financial counselor for the person. The final paper will be professional-quality brochure to your client. You must use tables and figure effectively to show supporting evidence of your recommendations.