Question: Explain what is meant by diversification? Is this the same as asset allocation? Why or why not? Why are these terms important to you as

Explain what is meant by diversification? Is this the same as asset allocation? Why or why not? Why are these terms important to you as an investor? What can happen if you do not properly diversify/allocate? What life considerations must be taken into account when developing a diversification / allocation strategy? How do any of the financial instruments you have learned about so far in this course help accomplish these needs?

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