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(1) Why does the average investor rely on financial advisors and brokers for advice? How can investors increase their financial literacy? (2) What does it

(1) Why does the average investor rely on financial advisors and brokers for advice? How can investors increase their financial literacy?
(2) What does it mean to have a diversified portfolio? What are the strengths and weaknesses behind such diversification strategies?
*As much detail as possible please*
Thanks in advance.

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