It is important to diversify your investments to minimize risk from "summary" of Rich Dad's Prophecy by Robert T. Kiyosaki,Sharon L. Lechter
Diversifying your investments is like planting a variety of crops in a garden. Just as a farmer wouldn't put all of his seeds in one basket, an investor shouldn't put all of his money into one investment. By spreading your investments across different asset classes, industries, and geographic regions, you can reduce the risk of losing everything if one investment performs poorly. Imagine you have all of your money in the stock market, and a sudden crash wipes out a significant portion of your portfolio. If you had also invested in real estate, bonds, or commodities, the impact of the stock market ...
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