Explain 5 Disadvantages Of Cliff's Investment Approach. Construct A Portfolio For Cliff, Only Mutual Funds (he Sells His Current Stock And Bond Holdings). Indicate Dollar Amounts For Each Portfolio Component. Explain Your Selections For Each Portfolio Component?

Cliff Swatner ,single, 33, owns a condominium in New York City worth $250,000. Cliff is an attorney,. Income last year exceeded $90,000, he has sufficient liquid assets to supplement his condominium and other tangible assets. Several years ago, Cliff began investing in stocks and bonds. He made his selections on the basis of articles he read describing good investment opportunities. Some have worked well for Cliff, but others have not. Cliff has never taken the time to evaluate his portfolio performance, but he feels it isn't very good. Cliff currently has about $90,000 invested