perspective

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter9: Obtaining Affordable Housing
Section: Chapter Questions
Problem 1FPC
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Luke is currently facing some financial difficulties, however, Luke owned land and building valued at $12 million dollars. Lorna, a good friend and skilled investment analyst is advising Luke to sell his house and invest the money otherwise e.g. in securities. This means he would be much wealthier taking such an action.

Before taking the decision to sell his property and to start living in a rented house , Luke has decided to consult with you to present to him, strong arguments to support the idea of selling his property.

Required

Give Luke your advice from an investment perspective.

N.b just 5 salient points explained nothing else.

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