Today is $4$Jan $2023.$You$,$ a financial advisor, just ended a meeting with a client, Mr $.$Muthu$,$ who is seeking assistance in his investment portfolio. Mr $.$Muthu shared that he invested $ $1,500,000$into a portfolio of the following investments as at $1$Jan $2018$ : $25\%$Parkway Life REIT $($ Ticker: PRKWF $),25\%$Singapore Technologies $($ ST $)$Engineering $($ Ticker: SGGKY $),$and $50\%$OCBC Bank $($ Ticker: OVCHY $).$Since $1$Jan $2018$to $31$Dec $2022,$Mr $.$Muthu had not contributed nor withdrawn any amounts, and had reinvested all dividends into the fund. He did not undertake rebalancing of portfolio. Mr $.$Muthu expected a target annualized geometric return of $8\%,$with minimal risk. As at $31$Dec $2022,$he believed that the portfolio had underperformed. As a financial advisor, you would like to advise Mr $.$Muthu on how best to improve his portfolio. You understand that Mr $.$Muthu is planning for retirement, and he hopes to retire in $15-$ years $$time$.$ He intends to retire with an amount that can best serve his retirement needs. A citizen of Singapore, Mr $.$Muthu is a highly successful and busy businessman owning a few domestic businesses, with exposure to hospitality and real estate sectors $.$Mr $.$Muthu treasures liquidity. He wants to have the option of selling his investments if an economic downturn happens. Mr $.$Muthu is married with no children. His apartment has been fully paid up $.$He has no major planned expenditures in the foreseeable future. He has an emergency cash reserve of one year of his family $$ s household expenditure. You did a risk profiling survey with Mr $.$Muthu$.$ Survey results showed that Mr $.$Muthu has little understanding of finance. Mr $.$Muthu agrees with the statement $$ investing is too difficult to understand $.$He also agrees that $$ in terms of investing, safety is more important than returns. $$Mr $.$Muthu also has concerns of inflation. It is assumed that inflation rate will be $3\%$per annum in the long run. Discuss whether if Mr $.$Muthu $$ s concern on portfolio underperformance is justified. Provide supporting evidence, using information from the above, Use Portfolio Visualizer $$to compute historical returns. Discuss your findings. Discuss the portfolio and its performance in lieu of the market conditions.