For Dennis Wright

Investment Policy Statement

I seek to invest in moderate risk investments with equal risk indices as the S&P 500 index. Due to my high-risk tolerance, my return objective is to gain at least 10% of annual return. My portfolio’s return should do exceed a risk tolerance level of 22% and should be within the margins of the S&P 500 and NASDAQ indices.

The portfolio should major in technology industry where I will allocate 75% of the equity in both the international and domestic ETF. I plan to invest 20% in bonds and the remaining 5% will be cash held at hand for the market funds and emergency purposes.

The only investment constraint is the liquidity constraint where I will convert 20% of my portfolio to cash once in every year. However, in cases of 20% loss or more, I will re-allocate the assets appropriately but remain within the technology industry. The benchmark for my performance is the combination of bond and equity within my industry. Specifically, I will use the S&P 500 index market to benchmark my equity returns at the end of each financial year.