codys savings (investments) cody has invested $12,000 total. he has invested $3,000 in stocks, $2,000 in a…

codys savings (investments) cody has invested $12,000 total. he has invested $3,000 in stocks, $2,000 in a certificate of deposit, and $5,000 in government bonds. codys stocks are currently performing poorly. he has purchased $2,000 worth of an automotive companys stock, and its value has steadily dropped over the last year. he is reluctant to sell the stock because he is worried about how much money he has already invested. which investment practice is cody following? diversifying investments which investment shortcoming has he failed to avoid? focusing on sunk costs focusing on sunk costs focusing on the familiar not knowing his personality

codys savings (investments) cody has invested $12,000 total. he has invested $3,000 in stocks, $2,000 in a certificate of deposit, and $5,000 in government bonds. codys stocks are currently performing poorly. he has purchased $2,000 worth of an automotive companys stock, and its value has steadily dropped over the last year. he is reluctant to sell the stock because he is worried about how much money he has already invested. which investment practice is cody following? diversifying investments which investment shortcoming has he failed to avoid? focusing on sunk costs focusing on sunk costs focusing on the familiar not knowing his personality

Answer

Brief Explanations:

Cody has invested in different assets like stocks, a certificate of deposit, and government bonds, which is diversifying investments. He is reluctant to sell the poorly - performing stock due to the money already invested, which is focusing on sunk costs.

Answer:

Which investment practice is Cody following? diversifying investments Which investment shortcoming has he failed to avoid? focusing on sunk costs