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Arthur Doyle is retired and wants to maximize his return as his income barely covers...

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Finance

Arthur Doyle is retired and wants to maximize his return as his income barely covers his living expenses. His friend invests in venture capital and suggests that he do the same. As his advisor, why would you counsel Arthur to not invest?

You need to have at least a million dollars to invest in it

Venture Capital investments are illiquid

I would not counsel Arthur not to invest; in fact, I would suggest he add Venture Capital to his portfolio

While I would not suggest Arthur invest in early-stage, late-stage would be appropriate

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