Julio and his grandfather receive individualized investment advice from the same chartered financial analyst. When comparing their customized investment recommendations, it is likely that Julio's strategy targets lower-risk investment options than the advice received by his grandfather.

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Generally, a young person can afford to invest in higher-risk investment options than a person nearing retirement. If the investment loses value, Julio has the time to hold on for better times. A younger person also has the expectation of many years of income. Julio's grandfather, on the other hand, has expectations of a fixed income at retirement.

Julio and His Grandfather Receive Individualized Investment Advice from the Same