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Diversify your investments from "summary" of Manage Your Money Like a F*cking Grown-Up by Sam Beckbessinger
When it comes to investing, putting all your eggs in one basket is generally a bad idea. You wouldn't bet your entire life savings on a single horse in a race, would you? Diversifying your investments means spreading your money across different types of assets to reduce risk. This way, if one investment performs poorly, it won't sink your entire portfolio. Think of it like planting a garden – if you only grow one type of vegetable and a pest wipes it out, you're left with nothing. But if you have a variety of plants, you'll still have something to harvest. The same goes for your investments. By spreading your money across different types of assets – such as stocks, bonds, and real estate – you're hedging your bets and increasing your chances of overall success. Diversification helps you weather market fluctuations and economic downturns. Different types of assets tend to perform differently under various circumstances. For example, w...
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