1. What is the implication of EMH for investors?

2. Assume you believe in the EMH and assume you have $500,000 to invest for long term (20-25 years). Allocate your $500,000 to 5 to 7 ETFs or REITs. Explain why those 5-7 ETFs or REITs. (Hint, you must be diversified, meaning you should have equity ETFs, both domestic and international, small cap, large cap, you should have bonds, real estate, and precious metals ETFs, the allocation depends to your age which is 27).