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How not putting your eggs in one basket can help you achieve goals, minimise risks

Money Control · 7m

Diversification is crucial for minimizing risk in your investment portfolio. By spreading your investments across different asset classes and countries, you can reduce the impact of market fluctuations. Diversifying within asset classes such as stocks, bonds, and real estate further minimizes risk. The key is to strike a balance between risk and return based on your financial goals, risk tolerance, and investment horizon. Regularly reassessing and rebalancing your portfolio is also important to maintain optimal diversification. Overall, diversification is an effective strategy to protect your investments and enhance long-term returns.