Determine whether the following statements are true or false given the goal is to reduce portfolio risk:

1. It is probably a bad idea to include assets in a portfolio if the asset returns are independent of one another.

2. It is probably a bad idea to include assets in a portfolio if none of the asset returns exhibit a strong positive correction

3. It is probably a bad idea to include assets in a portfolio if the asset return exhibit a strong negative correlation

4. It is probably a bad idea to include assets in a portfolio if non of the other answers are correct