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Diversify your investments to reduce risk from "summary" of Start Over, Finish Rich by David Bach
When it comes to investing, one of the most important principles you should follow is diversification. Diversification simply means spreading your investments across a variety of different asset classes, industries, and geographic regions. This strategy helps reduce the overall risk of your investment portfolio. By diversifying your investments, you are not putting all your eggs in one basket. Instead of investing all your money in one stock or one sector, you are distributing your funds across multiple investments. This way, if one investment performs poorly, the impact on your overall portfolio is minimized because you have other investments that can help offset the losses. Diversification is about creating a well-balanced portfolio that can weather market fluctuations and ec...
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