Financial Plan for Randy Martinez

April 17, 2023

Age 25

Annual Net Income: $24,360.00/year

Monthly Net Income: $2,030.00/month

Net Worth: $50,300.00

Investor Profile: Aggressive

Tax Bracket: 22%

Emergency Savings: $8,500 GS Online Savings Bank

Life Insurance: $500,000 $18-$32 per month quote 20 Year Term Policy Progressive Insurance. Rating: A+

Savings Goals:

#1 Pay off Credit Card Debt

Goal Amount: $5,000
Start Date: June 1, 2023
End Date: July 1, 2024
Time: 13 Months
Monthly Investment: $500
Investment: Marcus Online Savings
Anticipated Rate of Return: 2.0%

#2 Buy Home:
Goal Amount: $50,000
Savings Start Date: March 1, 2022
Targeted End Date: January 1, 2026
Time: 5 years
Monthly Investment: $1000-1200
Investment: FSICX Fidelity Strategic Income
Anticipated Annual Return: 4%

#3 Retirement:
Goal Amount: $1.0MM
Start Date: January 1, 2026
Targeted End Date: January 1, 2063
Time: 45 years
Monthly Investment: $200
Investment: S&P500 Price Target 2063
Anticipated Annual Return: 8-11%

1
 Exhibit A

Income Statement
Randy Martinez
January 23, 2023

Income Monthly Annual

Employment 4800 57600
Scholarships/Grants - -
Family - -
Tax Refunds - -
Invesments 1000 12000
Savings - -
Rental - -
Total Income 5800 69600

Expense
Rent/Mortage 1400 16800
Groceries 500 6000
Car Payment 0 0
Car-Gas 1000 12000
Car Insurance 130 1560
Car Maintance 0 0
Gas 20 240
Electric 50 600
Phone 30 360
Internet 75 900
Water 20 240
Cable TV/Streaming 50 600
Clothing 0 0
Tuition 0 0
Fees/Books 0 0
Pets 250 3000
Entertainment 0 0
Travel 120 1440
Children 0 0
Gym 25 300
Miscellanious 100 1200
Savings 0 0
Total Expenses 3770 45240

Net Income 2030 24360

2
 Exhibit B

Balance Sheet
Randy Martinez
January 23, 2023

Assets
House -
Car 42500
Furniture -
Electronics 5000
Appliances -
Clothing 500
Jewelry 2000
Savings -
Investments 2000
Art/Collectibles -
Boat/RV/Motorcycle -
Sports Gear 300
Total Assets 52300

Liabilities
Mortgage -
HELOC -
Car Loan -
Credit Cards 2000
Student Loans -
Consumer Loans -
Medical Debt -
Total Liabilities 2000

Net Worth 50300

3
 Exhibit C

Personal Finance Investor Profile Questionnaire

For each of the following groups of statements, select the statement that most closely
reflects your financial situation and investment philosophy (circle numbers).

A.
1. One can’t be too careful.
2. When in doubt, err on the side of caution.
3. Nothing ventured, nothing gained.

B.
1. Put safety first, stick with risk free investments.
2. Don’t put all your eggs in a few baskets, diversification is important.
3. Put most of your money in your best investment ideas.

C.
1. Receiving dependable income is more important than growth.
2. Income and growth are equally important.
3. Growth is more important than current income.

D.
1. I prefer conservative investments.
2. I like to have a mix of conservative and growth oriented investments.
3. I want growth and am willing to risk significant capital to achieve it.

E. A respected friend suggests the time is right to invest aggressively, you

1. Refuse to take more risk.
2. Invest a portion of your savings.
3. Invest all your savings.

F. You win a contest and can choose among three prizes, which do you select?
1. Receive $5000 today.
2. Receive $2000/year for 5 years.
3. Receive $25,000 10 years from now.
G. An emergency requires $10,000 unexpectedly, you
1. Have to liquidate all your investments.
2. Have to liquidate 25% of your investments.
3. Could handle it without liquidating any of your investments.

4
H. The stock market is dropping in value, you would sell your investments after
1. A 10% drop in value.
2. A 20% drop in value.
3. I would not sell in a down market.

Personal Finance
Investor Profile Questionnaire Score Card

Total Score:
8-10 Very Conservative
11-14 Conservative
15-17 Balanced
18-21 Aggressive
22-24 Very Aggressive

5
 Exhibit D

I can’t access my old document, and the document I summitted on canvas is showing as a PDF.

6
 Exhibit E

Insurance 10 20 30 Universal Rating

300,000 $10-$18 $13-$23 $19-$37 $16 A+
500,000 $13-$25 $18-$32 $28-57 $20 A+
750,000 $19-$37 $28-57 $38-$81 $28 A+

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 Exhibit F

Mutual Fund Researh 2023

Randy Martinez/Eliah Harris
9-Apr-23

Higher Lower Higher

Std. Sharp Minimu
Name Symbol 1 3 5 10 Expense Beta Dev e Star m Notes
Fidelity -
Strategic 3.8
Income FADMX 1 3.84 2.09 2.88 0.68 1.03 7.31 0.4 4 0 N/A
- Load wa
JPMorgan 2.6 through
Global Bond GBOAX 8 0.86 2.15 3.05 0.9 0.7 6.86 0 4 1,000 fidelity

Pacific Fund - Load wa

Strategic 5.3 through
Income PLSTX 9 1.26 2.76 3.43 0.94 1.12 10.23 0.04 4 2,500 fidelity

8
 Exhibit F 2.20

Mutual Fund Researh 2023

Randy Martinez/Eliah Harris
9-Apr-23

Std
.
Sym 1 Expe Be De Sha St Mini
Name bol 1 3 5 0 nse ta v rpe ar mum Notes
MFS Lifetime
2060 Fund - Load waive
Class A MFJ 6. 8.8 n 0.82 n/ 18. 1,000. through
AX 57 3 6.5 /a % a 98 0.42 5 00 fidelity
Fidelity
Freedom -
2060 Fund FDK 8. 8.5 5.8 n 0.75 0. 19.
VX 28 4 1 /a % 9 44 0.39 3 0
BlackRock - When we
Life Path 8. 8.3 6.3 n 14.0 0. 20. 2,000, have 2
2060 Fund LIZIX 31 7% 6% /a 0% 93 19 0.37 4 000 million.