Summary
Diversification is the practice of spreading your investments, resources, or efforts across a variety of different options. It can help you minimize risk and maximize potential for success.
Before you can begin diversifying your strategy, it’s important to clearly identify your goals and objectives. By understanding your goals, you can better tailor your diversification strategy to meet your specific needs.
There are many ways to diversify your investments, including investing in different asset classes, industries, and geographic regions. By spreading your investments across a variety of different options, you can reduce the risk of losing all your assets if one investment performs poorly.
