The Pedersen family of Johannes (47 years of age), Britt (42 years of age) and Karl (18 years of age) have recently established a SMSF maintaining all SMSF assets in a single investment pool. After completing a risk profile assessment for each fund member it has been determined that the best overall investment mix for the fund would be to allocate 60% of the fund assets into growth assets with the remaining 40% of the asset portfolio allocated as income assets. What type of risk profile would this asset allocation be classified as and why would many SMSFs with similar member age characteristics likely have a similar recommended investment mix? Also provide the Pedersen family some potential assets that could form part of the growth asset allocation.

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The Answer of The Pedersen family of Johannes (47 years of age), Britt (42 years of age) and Karl (18 years of age) have recently established a SMSF maintaining all SMSF assets in a single investment pool. After completing a risk profile assessment for each fund member it has been determined that the best overall investment mix for the fund would be to allocate 60% of the fund assets into growth assets with the remaining 40% of the asset portfolio allocated as income assets. What type of risk profile would this asset allocation be classified as and why would many SMSFs with similar member age characteristics likely have a similar recommended investment mix? Also provide the Pedersen family some potential assets that could form part of the growth asset allocation.

The Pedersen Family of Johannes (47 Years of Age), Britt