The Sampsons are aware that diversification is important. Therefore, they have decided that they will initially invest

Question:

The Sampsons are aware that diversification is important. Therefore, they have decided that they will initially invest in one biotechnology mutual fund and then invest in three other biotechnology as they accumulate more money. In this way, even if one mutual fund performs poorly, they expect that the other biotechnology will perform well. How can the Sampsons diversify their investments more effectively?
Mutual Funds
Mutual funds are like a pool of funds gathered by different small investors that have simalar investment perspective about returns on their investments. These funds are managed by professional investment managers who act smartly on behalf of the...