Diversify Your Investments
Ever heard of diversifying your portfolio? This essentially means you shouldn’t invest in a single stock, because if it takes a nosedive you’ll lose all that money. Stocks, bonds and mutual funds- these are the areas where you should start putting your money into.
We’ve heard true horror stories from people who put too much faith into one stock and had to watch it all crumble. That’s why we’re advising you not to go down that path, no matter how good it might seem. And if someone assures you that doing this is the ‘right thing to do’ you should start questioning their advice to you.