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Can we do quick questions and answers?
Special Scenario Question: Future Investment and Risk Management for a University Student
You are Xiao-Nan, a university student about to graduate and enter the workforce. You hope to build a safety asset pool of NT$300,000 within the next five years, while also reserving a small portion of your funds to try more aggressive investments (such as warrants). You have the following information and limitations:
[Background Information]
Currently investable funds: NT$150,000
At least 80% of the funds must be invested in low-risk or highly secure investment platforms or products with data encryption protection
No more than 20% of the funds may be invested in technology-stock call warrants
Two investment products under consideration:
A: Fixed-income cryptocurrency staking platform
Annual percentage yield (APY) = 5%
Equipped with a security architecture featuring multiple keys, cold-wallet storage, and multi-node consensus
Compounded annually
B: Technology stock X call warrants
Warrant price: NT$3.5 per warrant
5% out of the money
Strike price: NT$110
Current underlying stock price: NT$104.5
Conversion ratio: 10 warrants = 1 share
You want to maximize your returns after five years without violating the required safety allocation ratio.
Question: Without violating any conditions, which of the following fund allocations and calculations is the most reasonable?
A.
Invest NT$120,000 in staking. After five years:
120,000 × (1.05)^5 = 153,153
Use the remaining NT$30,000 to buy warrants.
30,000 / 3.5 = 8,571 warrants
This complies with the investment ratio.
B.
Invest NT$100,000 in staking. After five years:
100,000 × (1.05)^5 = 127,628
Use the remaining NT$50,000 to buy warrants.
50,000 / 3.5 = 14,285 warrants
The high-risk investment exceeds the 20% limit and does not meet the requirements.
C.
Invest NT$140,000 in staking. After five years:
140,000 × (1.05)^5 = 178,679
Use the remaining NT$10,000 to buy warrants.
10,000 / 3.5 = 2,857 warrants
This meets all security and allocation-ratio requirements.
D.
Invest NT$110,000 in staking. After five years:
110,000 × (1.05)^5 = 140,391
Invest NT$40,000 in warrants.
40,000 / 3.5 = 11,428 warrants
The high-risk investment accounts for 26.7%, violating the requirement that it not exceed 20%.