Mr. Chen, 45, is saving for his children's university education, which will begin in 12 years. He also anticipates needing a down payment for a vacation property in 5 years. His current investment portfolio is $300,000. How should the financial advisor best characterize Mr. Chen's time horizon for investment planning?

Question: Mr. Chen, 45, is saving for his children's university education, which will begin in 12 years. He also anticipates needing a down payment for a vacation property in 5 years. His current investment portfolio is $300,000. How should the financial advisor best characterize Mr. Chen's time horizon for investment planning?

Answer options:

• Short-term (0-5 years)
• Medium-term (5-10 years) with a short-term liquidity need
• Long-term (10+ years) ✅ Blended, with both medium and long-term objectives and a specific short-term demand

Correct answer: Blended, with both medium and long-term objectives and a specific short-term demand

Explanation: Mr. Chen has distinct objectives spanning different durations: a 5-year goal for a vacation property and a 12-year goal for education. A blended approach acknowledges these multiple, distinct time horizons.