Have you ever been in a situation whereby you invested all your money either in a particular business, an asset or even a stock and then you wake up to see that everything has actually vanished. Well I will say that is what majority of people who fail to practice Diversification face every blessed day.
Everyone actually wants to make good money by investment but the issue with many of us is the fact that we put all our egg in one basket. This can really be so dangerous, actually very dangerous. I have been in that shoe before several times and I can say that it is really dangerous to take that step.
There are seasons in my life that I actually thought because of the hype around this particular investment. I put all my money into it. Trust me waking up someday to discover everything I labour for has crashed. I begin to realise the importance of this earlier and that is why I am working towards changing it actually.
How I really wish I have changed a whole lot of things. This will have really help my financial life. Trust me there are a whole lot of financial wrong decisions I made years ago which I am regretting. One of them is the lack of Diversification. I am writing this as one of my pain. See no matter how sure they tell you an investment is. Always make sure that you did not put all your egg in one basket.
Spread your assets and the benefits of it is the fact that if this one didn't work, then the other one will definitely work and vice versa. It is really needed. You need to practice Diversification because it is really key and that is what will help to safeguard your financial investment portfolio at the end of the day.
You have mentioned a very vital point here which I believe everyone should take home. We really need to practice Diversification. It is always dangerous to put all your egg in one basket because the truth of the matter is you don't know what might happen
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