You work for the financial planning company, Frontiers Pty Ltd, which is a licensed dealer in securities and a registered life insurance broker. Your company specialises in investment advice, but does not provide insurance, real estate evaluations and advice, income tax preparation, superannuation fund accounting or administration, or legal document (such as wills or trusts) preparation. You have organised a meeting with a new client, James Macready, who is seeking some advice regarding his current investment strategy. James has actively invested in shares since he was young. He has always enjoyed researching companies before deciding whether to invest in their shares. He has purchased shares he considered were good value at the time he bought them or that had a high dividend yield. He has not bought or sold any shares in the last 12 months. In the past, he has used an online trading account to buy and sell shares. Over the past year, James has found two new time-consuming hobbies, sailing and hiking, both of which he enjoys very much. Since taking up these hobbies, he has neglected his share portfolio somewhat, so he has not carried out any trading on the portfolio during that time. Below are James's current details, including his current share portfolio.