Diversify investments to minimize risk from "summary" of The 7 Most Important Money Decisions You'll Ever Make by Mary Claire Allvine,Christine Larson
One key principle to keep in mind when it comes to managing your investments is the importance of spreading your money across a variety of different assets. By diversifying your investments, you can help protect yourself against the risks that come with putting all your eggs in one basket. When you diversify, you are essentially reducing the impact that any single investment can have on your overall portfolio. This means that if one investment performs poorly, the negative impact on your entire portfolio will be limited. In other words, diversification can help cushion the blow when one part of your portfolio is experiencing a downturn. There are different ways to achieve diversification in your investments. One common strategy is to invest in a mix of different asset classes, such as stocks, bonds, and real estate...
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