Question: The family of Pamela, 40 years old, and Isaac, 45 years old. They present you with the following information:

Financial data:

Monthly Income: $5,800

Living Expenses: $4,400

Assets: $235,000

Liabilities: $52,000

Emergency fund: $7,000

Financial Goals:

Evaluate current financial conditions

Build an investment portfolio that considers various risk factors

With approximately 20 years to retirement, Pamela and Isaac McDonald want to establish a more aggressive investment program to accumulate for their long-term financial needs. Isaac has a retirement program at work. This money, about $75,000, is invested in various conservative mutual funds and government bonds according to the fund's policy (Isaac chooses to keep it in a conservative investment portfolio to make sure he does not lose all of this fund). At home, they are having another investment fund between them, which is worth $25,000, currently buying GICs and put in various bank deposits.

In addition to their investment program, the McDonalds have accumulated $12,000 to help pay for children's education. They have two daughters, aged 7 and 10. And they have $7,000 tucked away in a savings account that serves as the family's emergency fund. Finally, both will qualify for the Canadian Pension Plan when they reach retirement age.

Evaluate the current financial position of McDonald's family at this stage in their life. What investment goals would be most appropriate for this middle - aged couple?