Alex wishes to hold a single risky asset by itself. With reference to the graph in (1), name 3 assets that Alex should definitely NOT hold. Explain why holding these three assets is a bad idea, and for each of these three assets, offer a better alternative.

Stocks Mean vs. Standard Deviation 0.1400 0.1200 MU ALXN AAL 0.1000 HAL WMB REGN 0.0800 SCHW. DAL SCHW STT PRU CSX Standard Deviation NSC CRM BEN PSX VFC ANTM 0.0600 ADM EMR ADBE BAX GIS ITW RTN TRV KMB ADP SYK 0.0400 DOSO 0.0200 0.0000 0.0000 -0.0100 -0.0050 0.0050 0.0100 0.0150 0.0200 0.0250 0.0300 Mean Stocks Mean vs. Standard Deviation 0.1400 0.1200 MU ALXN AAL 0.1000 HAL WMB REGN 0.0800 SCHW. DAL SCHW STT PRU CSX Standard Deviation NSC CRM BEN PSX VFC ANTM 0.0600 ADM EMR ADBE BAX GIS ITW RTN TRV KMB ADP SYK 0.0400 DOSO 0.0200 0.0000 0.0000 -0.0100 -0.0050 0.0050 0.0100 0.0150 0.0200 0.0250 0.0300 Mean