Diversify your portfolio from "summary" of Investing Simplified by Chuck Price
To succeed in investing, you must spread your money across different types of investments. This is what we mean when we say "diversify your portfolio." Diversification is like the saying, "Don't put all your eggs in one basket." It means you should not invest all your money in just one type of investment. For example, imagine you put all your money in one company's stock. If that company does poorly, you could lose a lot of money. But if you spread your money across different types of investments, your risk is spread out too. If one investment does poorly, you have others to balance it out. ...
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