Sometimes, an advice will make perfect sense but end up misguiding (and hurting) you. When it comes to diversification, this happens often. We hear about the advice all the time. Some even call it the only free lunch in investing and I couldn’t agree more. Diversifying your investments is one of the best ways to [...]
Posts tagged as:
Diversification
I was reading this month’s Money magazine that featured Julia Andres, a 58 year old sales executive. In 2000, she had about $775,000 in her retirement savings pretty much all invested in Citigroup because she worked there for around 20 years. She basically lost 50% of everything she had by 2002 because of the tech [...]
The Bernie Madoff scandal is a sad case of the lack of care by the investing public. It’s amazing that so many sophisticated investors just handed money to this man without thinking about doing any due diligence. It’s understandable for average citizens as they lack the expertise to decipher the often complex documents and investment [...]
We’ve all heard about diversification and all the reasons why we should spread out our investments to reduce the risk of losing too much money. We keep hearing that if we don’t diversify, we might lose all our money. We hear about the people that worked for Lehman Brothers who lost everything they had, but [...]
Subscribe by Email
Loading ...
