Diversify your investments from "summary" of I Will Teach You to Be Rich: The Journal by Ramit Sethi
One of the most important principles of investing is to spread your money across different types of investments. This is known as diversification, and it is a key strategy for reducing risk in your investment portfolio.
When you diversify your investments, you are essentially spreading your risk. By investing in a mix of different assets, such as stocks, bonds, real estate, and commodities, you can protect yourself from the ups and downs of any one market. If one investment performs poorly, your other investments can help offset those losses.
Diversification also helps you take advantage of different opportunities in the market. For example, while stocks may be performing well, bonds may be struggling. By diversifying your portfolio, you can benefit from the strengths of each asset cl...
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