Social Hierarchy And The Twisted Lip - 1221 Words

Social Hierarchy and The Establishment of Identity: â€Å"The Man with the Twisted Lip† The short story by Doyle, â€Å"The Man with the Twisted Lip,† is based on disguises of wealth and appearance and how these disguises change the point of view that people have in the social classes and what they think about each other during the Victorian Era. Disguises can be used to create an identity for one’s own personal gain or to protect an individual s identity. Neville St. Claire uses disguise to validate his place as a gentleman. His status as a beggar allows him to become the successful gentleman that he should be, by concealing his true self to the social class system. Sherlock Holmes uses his persona as a protection to keep the people of London safe and out of harms way. Between the two personalities of St. Claire and Holmes is the outcome of what others may think of them; St. Claire knows the identity that he has created is not accepted by the social class while Sherlock Holmes identity is seen as a hero and is accepted by the social class. One uses his d isguise purely for monetary gain and the other uses the identity in order to solve mysteries and protect his city. As shown in the â€Å"The Man with the Twisted Lip†, disguise is only allowed when the social class accepts the identity. Despite the fact that St. Claire and Holmes created new identities through disguise, St. Claire is shamed of his identity while Holmes is respected. Both disguises have various goals. St. Claire hidesShow MoreRelatedThe Man With The Twisted Lip By Sir Arthur Conan Doyle1295 Words   |  6 Pages The short story by Sir Arthur Conan Doyle, â€Å"The Man with the Twisted Lip,† is based on disguises of wealth and appearance and how these disguises change the point of view that people have in the social classes and what they think about each other during the Victorian Era. Disguises can be used to create an identity for one’s own personal gain or to protect an individual s identity. Neville St. Claire uses disguise to validate his place as a gentleman. His status as a beggar allows him to becomeRead MoreA World Of True Blood And Twilight1349 Words   |  6 Pagesthrough her heart. This scene shows Stoker’s choice to over sexualize the novel. Stoker wrote, The Thing in the coffin writhed; and a hideous, blood-curdling screech came from the opened red lips. The body shook and quivered and twisted in wild contortions; the sharp white teeth clamped together till the lips were cut and the mouth was smeared with crimson foam. Stoker uses this scene to convey his overall theme of sexuality within his vampires. Here he depicts the men standing over Lucy, as a vampireRead MoreA Clockwork Orange, by Anthony Burgess and Brave New World by Aldous Huxley 1411 Words   |  6 Pagesused to create social stability. There are also individuals who rebel against this loss of freedom and identity. However, these individuals lose their fight for freedom because of unsuccessful escape methods, acts of violence and effective conditioning. Character in both novels use unsuccessful escape methods to cope with their loss of identity. Alex, the protagonist in A Clockwork Orange, turns to classical music such as Beethoven when his gang members question his hierarchy within the groupRead MoreAnnotated Bibliography On Gender And Sexuality1955 Words   |  8 Pagesinteractions with one another as well as the construction and hierarchy of their relationship. The social anxiety over gender and sexuality in the Victorian era is displayed quite evidently through the internal musings and actions of Jonathan, particularly throughout his interactions with the female vampires at Count Dracula’s Castle: â€Å"All three had brilliant white teeth, that shone like pearls against the ruby of their voluptuous lips. There was something about them that made me uneasy, some longingRead MoreAnalysis Of The Novel Of Mice And Men 1866 Words   |  8 Pagesfor so long that he had been made to live closer with the animal in a room that â€Å"led into a barn† has turned him into an aloof men. Steinbeck was making comment on how loneliness and isolation can affect people and turn decent human into bitter and twisted individual and a men become cruel to survive. The similarities between Crook and the Hitcher is that they are both proud of themselves. Crooks shows possessiveness over his stable and â€Å"demand†the white to stay away. The word â€Å"demand is quite surprisingRead MoreEssay on Reading Moby-Dick as Ethnic Allegory2752 Words   |  12 Pagescharacter such as Queequeg. The correlation between his anticipated and ultimate death and the calamitous demise of the Pequod , as a space which rearranges traditional structures of hierarchy and accomodates ethnic diversity, in the end, demonstrates Melvilles indecisive anxiety between an imagined fantasy of an alternative social reality and the historical reality of American westward expansionism. First, allow me to be clear: At a simplified level, I call this an ethnic allegory because Moby-DickRead MoreTwelfth Night and Pygmalion1783 Words   |  8 Pagesto change place with their superiors. The hierarchy is turned up-side down, to create a state of topsy-turveydom. It is a sort of carnival where it is allowed to drink and play tricks on others, especially the superiors, without getting punished for it. One might call it licensed misrule. This play is full of confusion and intrigues as the characters constantly dress up and act as someone else. It is a inviolability of disguise. Gender shifts and social status are important themes which run throughRead MoreThe Theatre and its Identity Crisis2207 Words   |  9 Pagesthen accepted to be female and people tend to treat me thusly. The days that I decided to run out of the room wearing a shirt and sweats are another matter however. I am tempted to tally how many people stare at my baggy black sweat pants with their lips curle d up with disgust and their eyes bleeding with disapproval of my sloppy choice. It’d made for some amusing statistics. Women shall wear dresses and only men bowties, ladies must cross their legs, men however may smoke cigars, engineering isRead MoreEssay about Theme of Hawthornes Young Goodman Brown3036 Words   |  13 Pagesexchange a parting kiss with his young wife.† The reader receives a premonition of the impending evil intrigue with Faith’s staement of her foreboding, troublesome dreams:    Dearest heart, whispered she, softly and rather sadly, when her lips were close to his ear, prythee, put off your journey until sunrise, and sleep in your own bed tonight. A lone woman is troubled with such dreams and such thoughts, that shes afeard of herself, sometimes. Pray, tarry with me this night, dear husbandRead More The Themes in Hawthornes Young Goodman Brown Essay3172 Words   |  13 Pagesexchange a parting kiss with his young wife.† The reader receives a premonition of the impending evil intrigue with Faith’s staement of her foreboding, troublesome dreams:    Dearest heart, whispered she, softly and rather sadly, when her lips were close to his ear, prythee, put off your journey until sunrise, and sleep in your own bed tonight. A lone woman is troubled with such dreams and such thoughts, that shes afeard of herself, sometimes. Pray, tarry with me this night, dear husband

Okonkwo And Wang Lung From The Good Earth And Okonkwo From...

Compare and Contrast Okonkwo and Wang Lung Wang Lung from â€Å"The Good Earth† and Okonkwo from â€Å"Things Fall Apart† are both very similar characters. They both have a similar story and beliefs, yet they are quite different in regards to how their stories play out and how they value their beliefs in the end. This paper will look at both of the characters traits and stories to examine how they compare and contrast and how it affect them. At first glance, Okonkwo and Wang Lung seem to have no similar qualities at all, In reality they share some important characteristics, but also have distinct differences that makes them different. Probably the biggest similarity between the two is there respect for their culture. When I say culture I am†¦show more content†¦For Wang Lung almost all instances of him being naive are link to his culture’s beliefs. Because Wang Lung always follows his culture even when he does not want to. Okonkwo on the other hand believe that he has to be the opposite of his fa ther. This means he has to be hardworking. The clan also expects him to be a â€Å"man† and perform the duties expected. The combination of him resenting his father and the clan’s expectations is what causes him to be headstrong. Even though â€Å"The Good Earth† and Things Fall Apart† are set in different cultures and at different periods of time, both books have many similarities with difference being caused mostly by the main character’s beliefs and personality. We will start off looking at the similarities. In the beginning of both books we see the protagonist goals which is basically to achieve greater wealth (especially for Okonkwo). Wang Lung is starting to accumulate land from the House of Hwang which in return gives him more land to farm on. He buys land because he sees it as the most important object in his life. Okonkwo is also trying to get more land and crops to increase his status in clan. As you can see everything is going well for th e two, but then disaster struck for them. China has a drought which destroyed harvesting crops for farmers. Unfortunately farming is Wang Lung’s source of income. He also gets raided by his uncle and loses a good portion of property, because he refused to give up his land. WangShow MoreRelatedMasculine Vs. Feminine Power in The Good Earth863 Words   |  4 Pagesprevalent in both Things Fall Apart by Chinua Achebe and The Good Earth by Pearl Buck. These authors intricately weave this idea into their novels through their characters’ specific duties, their characters’ behaviors and emotions, and the way children are viewed and treated according to gender. Both novels are set in the late 19th, early 20th century, but take place in two completely different cultures. Things Fall Apart is set in Nigeria in the village of Umuofia while The Good Earth is set in a littleRead MoreRedefining The Tragic Tragedy Of Chinua Achebe s Famous Things Fall Apart2188 Words   |  9 Pagestragic hero. He claimed that heroes of tragedy must be fundamentally decent, of noble status, and eventually destroyed by a situation that exposes their one tragic flaw. Consider Chinua Achebe’s famous Things Fall Apart: the protagonist of the novel, the once mighty and respected warrior, Okonkwo of Umofia, is the paragon of the Aristotelian definition of a tragic hero. His suicide and loss of power within the tribe is not caused by his negative qualities, but rather his respect to his elders and

The Demographic and Psycho-graphic Market Segmentation Free Essays

The criteria used to develop the market segment for R.J. Reynolds Tobacco Co. We will write a custom essay sample on The Demographic and Psycho-graphic Market Segmentation or any similar topic only for you Order Now †s new brand of cigarette called â€Å"Dakota† is mainly that of demographics, and psyhcographics. The target market in this case appears to be poorly educated, virile white females age 18-20, who enjoy being around their boyfriends and doing whatever their boyfriends are doing, for example going to â€Å"Hot Rod shows, Tractor Pulls, cruising, and going to parties†. This target market was most likely selected for two main reasons. The first is because of the enormous profits to be gained from this particular group and the second is because of this group†s lack of education and low self-regard. The marketing strategies used in this article clearly define demographic and psychographic market segmentation. Demographic segmentation consists of gender, age, income, family size, family life cycle, occupation, and education. The target market in this article consists of females, age 18-20, single, with no more education than high school. This matches most of the criteria for demographic segmentation. Psychographic segmentation consists of identifying certain lifestyles based on the consumer†s values, activities, interests, opinions, and demographics. This article conveys that these women are Strivers, which means they are unsure of self and need approval from others. This group also seems to be search of some type of relief from their current lives (relief seekers). All of this data provides an idea of this groups values as well its activities and interests. Which makes this targeted group so vulnerable to tobacco companies marketing efforts. This market was selected because of its size and growth, and also probably because of this group†s lack of education. This group of females† aged 18-20 are the only group of Americans whose rate of smoking continues to increase. The reason why this group†s rate continues to grow is because they really don†t know better and if they do they really don†t care. This creats a wonderful opportunity for lucrative profits from the tobacco companies. This form of marketing is called concentrated marketing, which focuses on one segment of the market. Marketing companies perform market research by collecting and analyzing data and turning this data into usable information. This Information includes demographics as well as phycographics. These young women already have the desire to consume cigarettes and R.J. Reynolds is making sure they consume their particular brand of cigarettes instead of others. How to cite The Demographic and Psycho-graphic Market Segmentation, Papers

Financial Planning for the Client Case Study

Question: Describe about the Case Study for Financial Planning for the Client. Answer: Executive summary This report is related with the financial planning of the client- Mr Mitch and his wife Jill. Initially client profile will be stated which will include client details, goals and objectives and current financial situation. It will include comprehensive cash flow statement, detailed tax calculations, and a balance sheet based on the couples existing situation. Then Risk profile and investment strategy will be stated. For this purpose interview will be conducted so that risk profile can be created. Further investment recommendation will be stated which will determine one appropriate managed fund under each of the following 4 assets classes: Australian fixed interest; Australian property; Australian equity International equity. On the basis of that recommended strategies will be stated. Personal profile Client Details PERSONAL LIFE Relation Age Mitch Self 30 Jill Wife 28 Tessa Kid 6 Matthew Kid 3 School Age 10 School Cost 12000 Assets Type Value Home Joint 650000 Contents Joint 80000 Cars Joint 60000 Savings- Cash Mitch 12000 Savings- Shares * Mitch 25000 Superannuation Balance Mitch 20000 Superannuation Balance Jill 40000 TOTAL 887000 Liabilities Home Mortgage ** 420000 Car Loan*** 15000 Credit Card-Avg Monthly Bal 4000 TOTAL 439000 Savings- Shares * Shares Cost Price 30000 Purchase Year 2012 Home Mortgage ** Var Interest Rate 5.50% Monthly Repayment 3100 No of years 18 216 Car Loan *** Var Interest Rate 6.60% Monthly Repayment 302 No of years 5 60 Home Mortgage Car Loan Monthly Payment -3067 -294 Income per annum Salary 40000 Net profit from business 130000 Bank Interest 120 Fully Franked Dividends 500 170620 Payments Living Expenses 40000 Mortgage and Loan Repayments 40824 Private health insurance 3200 Professional Membership fees -Mitch 700 -Jill 800 Travel Expenses for work -Jill 400 Tax preparation (50/50) 2000 Donations (50/50) 1500 Holidays and entertainment 10000 99424 Superannuation Accounts Mitch -Net wealth superannuation account 20000 4 years -- invested in conservative option --includes death and TPD cover for 50000 Jill -Net wealth superannuation account 30000 -- invested in conservative option --includes death and TPD cover for 50000 - Legal Super Industry Super Fund 5000 --invested 20% in shares and 80% in cash - ABC Super Fund 5000 --invested 100% in cash (Mca.gov, 2016) Goals and Objectives The couple wants to reduce their debt obligations as soon as possible. Investments done must be revised so that tax liabilities can be reduced. They want the best way to create wealth for retirement planning, from now onwards. They want to rationalise their superannuation funds. To achieve a well- diversified portfolio within their superannuation investments based on their risk appetite. After 2 years, they want to fund a holiday for the family to America which will cost them $12,000. They want to plan an education fund to place Tessa in a private school, when she turns 11 years. Current financial position Cash flow statement COMPREHENSIVE CASHFLOW STATEMENT Income per annum Salary 40000 Net profit from business 130000 Bank Interest 120 Fully Franked Dividends 500 TOTAL INCOME 170620 Expenses Living Expenses 40000 Private health insurance 3200 Professional Membership fees -Mitch 700 -Jill 800 Travel Expenses for work -Jill 400 Tax preparation (50/50) 2000 Donations (50/50) 1500 Holidays and entertainment 10000 TOTAL EXPENSES 58600 EBIT(Earnings Before Interest and Taxes) 112020 Interest Expense 14491 PBT (Profit Before Taxes) 97529 Taxes applicable 62529 Net profit 35000 Total Repayments 26333 Cash Profit 8667 (Riskstrategies, 2016) Detailed tax calculations Earnings of Family 97529 Tax Limits Rate Fixed Charge Amt. Eligible Tax Applicable 18200 0% 0 18200 0 37000 19% 0 79329 15073 80000 32.50% 3752 60529 23424 180000 37% 17547 17529 24033 TOTAL 62529 (Ato.gov.au, 2016)(Ato.gov.au, 2016)(Exfin.com, 2016) Balance sheet Assets Type Value Fixed Assets Home Joint 650000 Contents Joint 80000 Cars Joint 60000 Net Fixed Assets total 790000 Current Assets Savings- Cash Mitch 20667 Cash Equivalents total 20667 Current Investments Superannuation Balance Mitch 20000 Superannuation Balance Jill 40000 Investments total 60000 TOTAL ASSETS 870667 Liabilities Home Mortgage ** 420000 Car Loan*** 15000 TOTAL LONG TERM LIABILITIES 435000 Current Liabilities Bad Debt- Shares 30000 Credit Card- Payables 48000 TOTAL CURRENT LIABILITIEs 78000 TOTAL LIABILITIES 513000 Share Capital/ Equity -Mitch 118833 -Jill 238833 TOTAL EQUITY 357667 TOTAL LIABILITIES EQUITY 870667 (free-management-ebooks, 2016) Risk profile and investment Strategy Purpose of risk profiling It is a process through which optimal level in the investment is evaluated. It is the methodology through which required risk and the capacity of the risk along with that tolerance of the risk is examined(riskprofiling, 2016). It helps in determining the right assets allocation so that proper return can be generated from that(Professionaladviser, 2016). In other words it can be said that it is used for the strategic deployment of the portfolios' resources(Hughes, 2016). Interview What is your name? Mitch What is your age? Age 35 years What is your willingness in terms of financial risk? According to the interview, respondent's willingness towards the financial risk is moderate in nature that is neither too high nor too less. Since respondent is having nuclear family which includes two children and wife, therefore he is not ready to take high risk. This question clearly states that willingness towards the financial risk is totally dependent upon the structure of the family and family members' earnings. In the given case, Michael is the only earning member of the family(Telstrasuper, 2016). In financial context what is risk? According to the respondents, risk is the combination of the opportunity and danger which is associated with the instrument of the portfolio. Risk is always associated with the portfolio. Whether market is too god or moderate risk will be there. Therefore it can be said that it is an indispensible part of the investment. After how many years you will withdraw invested funds from your portfolio? According to the interview, respondents would like to withdraw funds after 3-5 years. Can you define holding period for the long term investment? According to the interview, respondents had a belief that long term investment is for more than 3years. Then only desired return can be obtained from the long term investment(Moss, 2016). If the share of your portfolio goes down by 40% in a short period of time, then what will be up decision? According to the response of the respondents, he would like to sell portion of the investment in the market. Portion which is sold out will be invested in other investment which has high return. Portion of the investment will be invested in that source which has stable return. Respondents will not buy more investment because it may be very risky. Holding of the investment is not advisable because in case share goes down by some more percentage then investor has to face huge loss. Would you like to invest in an investment which has no value fluctuation, although it might generate low return? In the interview it was asked form the respondent that in what type of investment he would like to invests. Respondent strongly agrees to the given statement according to which he would like to invest in that investment which has no value fluctuation, although it might generate low return. Couples overall risk profile According to survey sheet filled by Mr. Mitch and his wife Jill, the client is young, has family with two children and a home. The couple is young and earning with 2 children. The current and future income sources from salary, pensions and other investments of the clients are stable and fairly secure. They have mortgage and also have to cover the childcare costs and small cash balance balances. The client is not entirely familiar with the investment matters. They have a little knowledge of share market and the other investments areas. The client has been into investment for not a very long time which is 3 years only. The investment does not include money spent in buying home and deposits in bank. In the current situation of client, they do need to access the money invested in the 3 to 5 years as they do not see any current emergency arriving. They will access money when their children will start going to the private schools. Apart from the investment, client has already plans to meet short term cash flows and in case of emergency. So the client is planning to keep the money for approximately 3 to 5 years. Mitch and Jill are also interested in tax savings. They understand the fact that some investments will help in tax savings but the benefit of saving the taxes will come with some risk. The couple is ready to take some variability in risk which also includes tax savings. The couple was asked a hypothetical question about the investment that if the client invested $100,000 and due to some bad market conditions, the portfolio drops to $85,000 in a short period, then what will the client would do. The client decided that they will sell a portion of the portfolio to cut the losses and reinvest into more secure investment sectors. Also if the portfolio further falls in the next 12 months, then the client is willing to hold the investments and sell nothing, expect the market conditions to get better or improve. Hence it can be said that risk portfolio of the client i s risk averse in nature. This shows that the client is willing to take the risk but not high risks which may or may not involve the good returns. The client is willing to have a balanced portfolio with spread of investments. They are willing to take the risk of negative return in 1 out of 7 years. This means the client is the balanced investor and has some understanding about the investment market behaviour. The client prefers balance between capital growth and capital security. They are prepared to bear short term risk in order to have long term capital growth. Investment Recommendations Based on clients risk appetite, they have several investment opportunities. As per their objectives of long- term savings for childrens education, they can invest in equity- linked securities. This will give them long- term capital appreciation. Besides that, they want to save their tax payments. So, for that they can go for debt instruments which will help in tax saving. Following investments are proposed for the client in particular. Australian fixed interest Mitch should go for Legg Mason Western asset Aus Bd A. It will provide fixed rate of income to the investor. This fixed interest rate instrument has been selected because its growth rate is constantly increasing from 2011 onwards. Income generated over the five years investment is 5.86%(Netwealth, 2016). Growth percentage is 1.12%. Index percentage is 6.54 and category percentage is 5.64. Credit quality of this bond is moderate medium. Standard deviation of the fund is 2.32. Sharpe ratio is 1.67. Beta and alpha of the stock are 0.94 and 0.41 respectively. Average weighted price is 112.31. Minimum initial investment is $30000. Minimum additional investment is $ 5000. Minimum withdrawal is 0 %. Thus it will ensure the stability of the principal and the interest income(Morningstar, 2016). Australian property In this category investor should go for Black rocked Indexed Aus listed property. It is one of the most popular investments because investor is having full control over the investment(Anz.co.nz, 2016). Several tax benefits are attached with this investment. It is regarded as a tangible investment. Income generated over the five years investment is 5.30%. Growth percentage is 14.71%. Index percentage is 20.85 and category percentage is 19.18. Credit quality of this equity is large growth. This grows faster as compared to the share market. Standard deviation of the fund is 11.18. Sharpe ratio is 1.55. Beta and alpha of the stock are 1 and 0.01 respectively. Minimum initial investment is $500000. Minimum additional investment is NAv. Minimum withdrawal is NAv. Switching is allowed and the distribution frequency is on quarterly basis.(Morningstar , 2016) Australian equity In this category, investor should go for Bennelong Concentrated Australian Eq. Equity is related with the long term investment. It assures high return but it is related with the high risk. Accumulation index return of this is very constant i.e. 1.25%. Quarterly return of the stock is 3.73%. Income generated over the five years investment is 11.52%. Growth percentage is 4.65%. Index percentage is 9.60% and category percentage is 9.35%. Credit quality of this equity is large growth. This grows faster as compared to the share market. Standard deviation of the fund is 13.55. Sharpe ratio is 1.78. Beta and alpha of the stock are 0.92 and 10.29 respectively. Minimum initial investment is $10000. Minimum additional investment is $1000. Minimum withdrawal is $5000. Switching is allowed and the distribution frequency is on semiannual basis. Annual ICR of the bond is 1.09%(Morningstar, 2016). International equity In this category investor should go for Maple-Brown Abbott Global Listed Infras. Investor should go for international equity because it provides diversified opportunities and reduce risk at optimal level. It provides liquidity and flexibility to the investor. It is one of the best ways to assume the risk of investing in equity linked investments. One will be able to expose to huge risk, ensuring good returns while having a diversified portfolio.Income generated over the three years investment is 6.59%. Growth percentage is 11.18%. Index percentage is 12.32% and category percentage is 13.28%. Credit quality of this equity is medium growth. This grows faster as compared to the share market. Standard deviation of the fund is 8.78. Sharpe ratio is 1.74. Beta and alpha of the stock are 0.58 and 9.78 respectively. Minimum initial investment is $20000. Minimum additional investment is $5000. Minimum withdrawal is $0. Switching is not allowed and the distribution frequency is on quarterly ba sis. Annual ICR of the bond is 0.98%(Morningstar , 2016). Recommended Strategies First of all Mitch should identify the risk. This will help in describing and recognising the amount of risk that will affect the project's outcome. In this investor should broadly identify its objectives and goals(continuingprofessionaldevelopment.org, 2016). Earnings of Family 97529 Tax Limits Rate Fixed Charge Amt. Eligible Tax Applicable 18200 0% 0 18200 0 37000 19% 0 79329 15073 80000 32.50% 3752 60529 23424 180000 37% 17547 17529 24033 TOTAL 62529 After identifying the risk Mitch should analyse the risk deeply. This will helps in determining the likelihood as well as the consequences of the each risk(litten, 2016). It will help in gaining knowledge relating to the nature of the risk. It will examine that how particular risk can affect goals and objectives of an individual. This information will be useful in describing and building portfolio of the client(CTB, 2016). Home Mortgage 420000 No of years 18 Annual repayment 23333 Interest Rate 5.50% Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Opening Mortgage Amount 0 396667 373333 350000 326667 303333 280000 Additions 420000 0 0 0 0 0 0 Repayment 23333 23333 23333 23333 23333 23333 23333 Closing Mortgage Amount 396667 373333 350000 326667 303333 280000 256667 Interest cost applicable 10908 21175 19892 18608 17325 16042 14758 Total payable 34242 44508 43225 41942 40658 39375 38092 Total paid 37200 37200 37200 37200 37200 37200 37200 Interest Cost paid 13867 13867 13867 13867 13867 13867 13867 Evaluate the risk; this will help in identifying the magnitude of risk. Consequence as well the likelihood will be evaluated through this. Though this investor can make decision that whether risk is tolerable or it has to be transferred or mitigated. This will help in knowing the volume of the risk and its consequences. Car 15000 No of years 5 Annual repayment 3000 Interest Rate 6.60% Year 1 Year 2 Year 3 Year 4 Year 5 Opening Loan 0 12000 9000 6000 3000 Additions 15000 0 0 0 0 Repayment 3000 3000 3000 3000 3000 Closing Loan 12000 9000 6000 3000 0 Interest cost applicable 396 578 413 248 83 Total payable 3396 3578 3413 3248 3083 Total paid 3624 3624 3624 3624 3624 Interest Cost paid 624 624 624 624 624 Treat the risk, last but not the least investor should treat the risk. In this investor should plan the response planning relating to the risk. Selling car: The couple has taken two long- term borrowings- one for the house worth $420,000 for 18 years; and the other is for 2 cars worth $15,000 for 5 years. The family consists of 4 people only. They can adjust with a single car as well. After all, they are incurring transport expenses for work purposes, having two cars. So, even if they sell a car they can adjust conveniently. This will help in reducing the interest obligations to a great extent. First of all, $302 which they are paying as interest on car loan will vanish. Besides that, the amount they retrieve from the sale of a car can be used to repay a part of house loan. So, they can save interest payments here as well. Monitor the risk: in this investor would assess the investment strategy. It will help in identifying the impact of different strategies on the portfolio of the client. For the given case Mitch's main aim was to mitigate the tax implication. If above stated strategies are followed by the Mitch then its revised earning of the family will be 50000 instead of 97529 and tax implication will be as follows: Revised earnings 50000 Tax Limits Rate Fixed Charge Amt. Eligible Tax Applicable 18200 0% 0 18200 0 37000 19% 0 31800 6042 TOTAL 6042 Hence it can be said that tax impact has reduced from 62529 to 6042, through recommended strategies. Bibliography co.nz. (2016). The benefits of property investment. Retrieved 2016, from The benefits of property investment: https://www.anz.co.nz/personal/home-loans-mortgages/property-investment/investment-benefits/ gov.au. (2016). Individual income tax rates. Retrieved 2016, from Individual income tax rates: https://www.ato.gov.au/rates/individual-income-tax-rates/ gov.au. (2016). Tax tables. Retrieved 2016, from Tax tables: https://www.ato.gov.au/Rates/Tax-tables/ org. (2016). What are the 5 Risk Management Steps in a Sound Risk Management Process? Retrieved 2016, from https://continuingprofessionaldevelopment.org/risk-management-steps-in-risk-management-process/ (2016). Identifying Strategies and Tactics for Reducing Risks. com. (2016). Current Australian IncomeTax rates. Retrieved 2016, from Current Australian IncomeTax rates: https://www.exfin.com/australian-tax-rates free-management-ebooks. (2016). Reading a balance sheet . Hughes, E. A. (2016). What are the pros and cons of risk profiling tools. litten, D. (2016). Risk Management Strategy. gov. (2016). Identifying Strategies and Tactics for Reducing Risks. Morningstar . (2016). BlackRock Indexed Aus Listed Property. Morningstar . (2016). Maple-Brown Abbott Global Listed Infras. (2016). Bennelong Concentrated Australian Eq. (2016). Legg Mason Western Asset Aus Bd A. Moss, B. (2016). The importance of risk profiling. (2016). Managed funds . Retrieved 2016, from Managed funds : https://www.netwealth.com.au/nw/fund/CompareFundsAndModels/ManagedFunds (2016). The importance of risk profiling. Retrieved 2016, from The importance of risk profiling: https://www.professionaladviser.com/professional-adviser/feature/1741045/importance-risk-profiling (2016). What is Risk Profiling? Retrieved 2016, from What is Risk Profiling?: https://riskprofiling.com/riskprofiling/what-is-risk-profiling (2016). Risk strategies . (2016). investor Risk Quesionnaire .