I just want a defintion of asset allocation with appropriate diversification. Like clarification of what theyre asking. Also maybe an example of how to set this research project up. thank you!

Personal Finance Asset Allocation Research Project Due November 15,@ 11:59PM. The objective of this project is to give the student the opportunity to develop a greater understanding about asset allocation. The student must consider the following conditions and make a recommendation for an asset allocation with appropriate diversification. Scenario: You are to advise a client about how to best invest $50,000 for retirement. The client is a married couple, ages 35 and 34 and they have $50,000 to invest for retirement. They have moderate risk tolerance. They can afford to save an additional $250 per month for the next thirty years. You do not need to make recommendations for each spouse separately. Treat them as one client or family. You are to create an asset allocation that is appropriate for the next five years. Be sure that each asset class (category) gets a percentage that is appropriate for their age risk tolerance. Within each asset class be sure to recommend a variety of assets that gives adequate diversification. It can be comprised of ETFs, mutual funds, bonds, cash, T-bills, real estate, precious metals, commodities, and alternative investments. Analyze the reasons for choosing each asset class and the investments within the asset class. You do not have to choose a bunch of individual stocks or bonds to accomplish this. You can make the appropriate ETF recommendations to achieve diversification. You can demonstrate your ideas with graphs is you wish. If you are not using a graph then list each asset class, the investments within the asset class (category), and the percentage allocated to cach asset class (category). Course Learning Outcomes (LO 1) Explain the relationship between risk and return, and risk management (LO 2) Implement basic financial planning concepts and investment strategies. Requirements At least 2 FULL pages of text Double spaced, 12pt font, Arial One-inch margins all around. I will measure your margins with a ruler. Cover page Your name and title should not be included in the text pages