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Diversify investments to minimize risk from "summary" of Set for Life by Scott Trench
It's crucial to spread your investments across different assets to lower the overall risk in your portfolio. By diversifying, you are essentially avoiding putting all your eggs in one basket. This way, if one investment doesn't perform well, the others can help offset the losses. Not all investments will perform the same way at the same time. Some will do better than others, while some may even lose value. By diversifying, you reduce the impact of poor performance on your overall investment returns. This is why having a mix of stocks, bonds, real estate, and other assets can help pr...
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