Diversify your investment portfolio from "summary" of Quit Like a Millionaire by Kristy Shen,Bryce Leung
When it comes to investing, it's easy to get caught up in the excitement of picking individual stocks. After all, who wouldn't want to strike it rich with the next Amazon or Apple? But the truth is, trying to time the market or pick winning stocks is like trying to catch lightning in a bottle - it's a risky game that most people end up losing. That's why it's crucial to diversify your investment portfolio. Diversification is the financial equivalent of not putting all your eggs in one basket. By spreading your investments across different asset classes, industries, and geographic regions, you can reduce the risk of a single event wiping out your entire portfolio. In other words, diversification helps protect you from the inevitable ups and downs of the market. One way to achieve diversification is through index f...
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