11. Briefly explain how the Martingale system can be integrated with the dollar-cost averaging and, then, explain one advantage and one disadvantage of using this approach as an investment strategy (1 mark). 12 An Investment Policy Statement states that if the equity portion of the Investment Portfolio loses more than 25% from the beginning year value, all equities must be liquidated and held in a cash position for the rest of the year. Explain why this is easier to implement in a corporate account than it is to do it in a personal account (1 mark). 11. Briefly explain how the Martingale system can be integrated with the dollar-cost averaging and, then, explain one advantage and one disadvantage of using this approach as an investment strategy (1 mark). 12 An Investment Policy Statement states that if the equity portion of the Investment Portfolio loses more than 25% from the beginning year value, all equities must be liquidated and held in a cash position for the rest of the year. Explain why this is easier to implement in a corporate account than it is to do it in a personal account (1 mark)