Final answer:
Lane's portfolio, with 90% equities and 10% cash, would be classified as Aggressive due to the high risk and potential for higher return associated with equities.
Step-by-step explanation:
Lane's portfolio consists of 90% equities and 10% cash. A portfolio with such a high percentage in equities is typically considered to be on the more aggressive side of the investment spectrum. Investment portfolios are often categorized based on the level of risk they entail and the investment strategy of the portfolio holder. Given the composition of Lane's portfolio, it would most likely be categorized as C. Aggressive. This is because equities, or stocks, are considered to be riskier investments compared to bonds or cash, and they have the potential for higher returns as well as higher losses. A balanced portfolio generally includes a mix of equities, bonds, and cash or cash equivalents, and the weight given to each asset class can increase or decrease the overall risk of the portfolio. A conservative portfolio would have a higher percentage of bonds and cash, while an aggressive portfolio like Lane's is primarily composed of equities.