Which of the following is a component of liquidity needs?

Liquidity needs refer to an investor's requirement to access cash or liquid assets in order to meet immediate financial obligations or expenses. Thus, assets that can be readily converted into cash or are already in cash form are critical in assessing liquidity needs.

The correct choice emphasizes the importance of having available assets specifically designated to meet those immediate obligations. This component is crucial because, without sufficient liquid assets, an investor could face difficulties in fulfilling short-term financial responsibilities, even if they possess a portfolio of long-term investments.

In contrast, the other choices focus on aspects that may not directly address immediate liquidity. The time horizon for investments typically relates to how long an investor is willing to hold onto their investments before needing access to funds. Long-term growth strategies refer to a focus on investments expected to appreciate over an extended period, thereby often tying up capital for longer durations. Property investments, while they can appreciate in value, are typically less liquid due to the time required for transaction processes and their sensitivity to market conditions. Overall, these factors do not provide the direct, immediate access to cash required for addressing liquidity needs.