ent Question 11 (4 points) Your Aunt Phyllis and Uncle Bob are getting worried about...
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ent Question 11 (4 points) Your Aunt Phyllis and Uncle Bob are getting worried about their retirement savings in light of the stock market declines brought about by our recent recession. They are about 6 years from retirement Up until now, Phyllis and Bob have been happy with their investment returns on these savings. Their portfolio is well-diversified and is currently 40% Income and 60% Growth Aunt Phyllis nervously asks you if they should just sell all of the growth component now, before the market drops even lower". Uncle Bob, on the other hand, says excitedly that he wants to cash in the income component and buy even more stocks "because they're on sale now!" Based on what you have learned in FIN100, counsel your aunt and uncle regarding each of their strategies for investing during a market downturn of this magnitude. What should they do now and in the future with regard to their retirement portfolio? Why
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