1. Explain why it might be preferable for a person to invest in a portfolio of securities rather than in a single security. 2. Briefly describe the concept of asset allocation and note how it works....

1. Explain why it might be preferable for a person to invest in a portfolio of securities rather than in a single security.

2. Briefly describe the concept of asset allocation and note how it works.

3. Discuss the role of asset allocation in portfolio management.

4. What, if anything, can be gained from keeping track of your investment holdings?