Thinking Mathematically (6th Edition)

Published by Pearson
ISBN 10: 0321867327
ISBN 13: 978-0-32186-732-2

Chapter 8 - Personal Finance - 8.5 Annuities, Methods of Saving, and Investments - Exercise Set 8.5: 5

Answer

Portfolio, diversified

Work Step by Step

A listing of all of the investments that a person holds is called a financial portfolio. To minimize risk, it should be diversified, containing a mixture of low-risk and high-risk investments. Diversifying the portfolio protects the investor if one of the investments does poorly.
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