Everybody knows the adage “Don’t put all your eggs in one basket.” Indeed, diversifying your investment portfolio is key to reaching your financial goals. Diversification refers to spreading your investments among asset classes, industries, and styles in order to reduce the risk that negative events affect all your portfolio at once. 1. It’s a way to protect against losses. As is commonly stated, “don’t put all your eggs in one basket,” this piece of advice applies equally well when investing. While every successful venture does exist, many unsuccessful investments have…
Read MoreThe Benefits of Diversifying Your Investment Portfolio
