He would put $162,500 in growth assets, predominantly shares that were activity-managed and well diversified across countries, sectors, industries and

Currency hedging would be put in place and Mr Myles had a preference for some protective strategies against prolonged falls in markets.
Mr Young suggested the couple seek recommendations for a growth portfolio investment, with the knowledge that as a growth investor they would prefer predominantly sharemarket investments with a small fixed-interest component.
As a growth investor, they would have to accept the portfolio might lose value for extended periods in the course of seeking capital appreciation over the recommended minimum period of, for example, five years.
A growth portfolio would have:
• Cash - a portfolio should have some available cash for emergency funds or any investment opportunity that arose.
• Fixed interest - a small weighting of fixed interest would provide some quarterly income to top up cash reserves.
• Property - a small exposure to the listed property sector would provide diversity and a good income from dividends of about 8% to 14%. Listed property stocks were also PIEs where the maximum tax paid on the dividend was 30%.
• Australian and New Zealand equities - Mr Young would have the largest weighting of the portfolio split between New Zealand and Australian shares.