Diversify your investments from "summary" of The Dumb Things Smart People Do with Their Money by Jill Schlesinger
The idea of spreading your money across different types of investments is a basic concept that is central to successful investing. By diversifying, you are essentially reducing your risk by not putting all your eggs in one basket. This strategy can help protect you from significant losses if one particular investment performs poorly. Imagine if you put all your money in one stock and that stock plummeted in value. You would lose a large portion of your investment. However, if you had diversified your investments and spread your money across various stocks, bonds, and other assets, the impact of one underperforming investment would be less severe. Diversification can take m...
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