Portfolio Diversification — Why Do It.
02 Nov 2022, 15:11
💰Portfolio Diversification — Why Do It?💰
Portfolio diversification has always been a big topic on the agenda, and it has gotten even more relevant with the strike of the financial crisis. So why diversify?
⚪Simply put, diversification can improve your potential returns and stabilize your results. By owning multiple assets that perform differently, you reduce the overall risk of your portfolio, so if the market goes against your favour in one of the investments, you don’t end up losing the shirt off your back.
But what’s the safest to diversify your savings on? A portfolio of several stable assets, of course. And what can be more stable than gold — the ultimate safe-haven asset?
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