Bob and Mary Martin Are Both 32 Years Old

Essay

Bob and Mary Martin are both 32 years old.Although they graduated from college almost 10 years ago,they have never developed a diversified investment program.What extra money they had was invested in high-tech stocks that did quite well until the last five years.Then,with the economic downturn,they encountered major losses.How could asset allocation have reduced the dollar amounts of the Martins' losses?