Suppose your father has spare cash of $3 million (he also owns a free-of-mortgage property) and he asks you, as a student of financial services, to give him some recommendations for asset allocation. Based on what you have learnt so far from this program, what are your suggestions to him (you may make any necessary assumptions) ? Justify your asset allocation decision. Having proposed an asset allocation strategy, explain under what circumstances will you recommend changes to the asset allocation you proposed.