Fast and Finance

Diving Into Diversification

November 11, 2022 Patrick McCrindle Season 1 Episode 16
Fast and Finance
Diving Into Diversification
Show Notes

So, you guys have heard me say this numerous times now by this point, but that’s okay because it’s the simplest way to explain diversification; Don’t put all your eggs in one basket. If you have eggs in multiple baskets, you won’t break all of them. To explain it in a more formal way, it’s the process of allocating your portfolio’s investments in such a way that reduces your exposure to different kinds of risk.