Written by Robin Brown at The Motley Fool Canada

One of the best ways to balance stock investment risk and reward is to own a diversified portfolio. Owning a mix of stocks across industry, sector, and geography can help provide steadier upside with less downside over time.

Perhaps you are wondering how to build a diversified portfolio? Well, here’s a five-stock mini-portfolio to split $35,000 equally into $7,000 position allocations.

Pembina Pipeline (TSX:PPL) is a solid bet for long-term dividend income. It operates a high-quality portfolio of pipeline, infrastructure, and midstream assets in Western Canada. In many regions, it provides the only means for energy companies to get…