The memorandum summarizes Lyles Armour Jr's stock, ETF, mutual fund, and bond portfolio. For stocks, they purchased 130 shares of Amazon (35% of portfolio), 53 shares of Walmart (11%), and 74 shares of McCormick (10%). For ETFs and mutual funds, they purchased 121 shares of iShares COMEX Gold Trust ETF (43%) and 35 shares of the John Hancock Bond Fund (2%). For bonds, they purchased 147 shares of Verizon New York Inc. (maturity under 5 years, 61%) and 99 shares of General Electric Cap Corp (maturity over 15 years, 39%). The rationale for each selection focused on responding to consumer needs and behaviors during an