Stage 2 – Family Commitment investors typically face liquidity constraints due to family and financial obligations, which hinders their ability to save for long-term goals. The feedback from the document states:
"In Stage 2, the lack of liquidity that is typical results in a difficulty in allocating funds to savings. Although they might identify long-term goals, such as retirement saving, they can barely manage to save enough for more pressing short-term goals."
[Reference: Chapter 4 – Getting to know the clientLearning Domain: The Know Your Client Communication Process, , , ]
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