the purpose of having a diversified investment portfolio is to\nlower the amount of money needed for an…

the purpose of having a diversified investment portfolio is to\nlower the amount of money needed for an investment.\neliminate the need for working with a professional.\nlower the investment risk.\navoid paying income taxes.

the purpose of having a diversified investment portfolio is to\nlower the amount of money needed for an investment.\neliminate the need for working with a professional.\nlower the investment risk.\navoid paying income taxes.

Answer

Brief Explanations:

Diversifying an investment portfolio spreads investments across different assets. This reduces the impact of poor - performance of a single asset, thus lowering overall investment risk. It doesn't lower investment amount, eliminate need for professionals, or avoid income taxes.

Answer:

lower the investment risk.