Investment diversification is an important investment strategy to improve the probability of gaining good returns while minimizing risk. Here’s a summary of why diversification is important and how to begin building your own diversified investment portfolio.
Your job may give you and your family a certain kind of security that goes with a good, stable material situation. And it’s easy to settle for that kind of stability. I fell into the same stability trap, as many others did.
Luckily, in my case, the thing that snapped me out of the stupor of perceived stability wasn’t some horrible life-changing tragedy. No, it was a simple broken leg. While some would say that a broken leg is tragic enough, for me it was merely a chance to sit and do nothing for two or three months – or so I thought.
From Frugasaurus …
Traditional financial independence (FI) through saving and investing? Or the more work intensive but potentially quicker route of side hustling and building passive income streams?
Why not both!
From Furiously FI …
Passive Income: how to get started. This blog post covers the value of dividends in a investors portfolio. It shows the good aspects of utilizing stocks that pay periodically to bolster you income streams.