You have the choice of the following in which to invest. Briefly explain the pros and cons of each from the perspective of portfolio choice theory [risks and reasons/goals for investment]. In your answer ignore practicalities such as not having enough money etc. This can be answered in a short paragraph for each one. Stocks or Bonds, in general Real estate in California. Mutual Fund Stock or bonds from both a men's clothing maker and a women's clothes maker Stock or bonds from both Wal-Mart and Sak's Fifth Avenue "Junk Bonds" High priced and/or "thinly traded" stocks