⭐ Merited by JayJuanGee (1)
It seems to me that the vast majority of more well to do investors (and seemingly smarter investors) are likely going to have a certain amount of diversification in the assets that they hold - but philosophies in regards to how much diversification is preferable is going to have a decently large amount of variance in terms of both personal preferences and also in terms of some personal characteristics of the investor.. so I doubt that there is any exact one stop shopping when it comes to the question of diversification or not or how much to do it.. and could become more problematic for investment newbies to be believing that they need to diversify for the mere sake of diversifying. which largely might end up reflecting more that they both don't know what the fuck they are doing, they are diluting their investments and also they might just be blindly throwing darts with some kind of expectation that one or more of them might get lucky.
I agree with this statement, there is a certain point in time when you need to de-risk your investment portfolio so you start a diversified strategy. When to do it is a pitfall, and the other is most common trap I see is if all diversified assets are linked to one economy then you are not truly diversified. Some economies do better than others, some are safer than other some are more risky than others but putting all your eggs in one basket is a risk, whether that’s only going into one thing or if all the things are only linked to the success or failure of that one economy. I do like Bitcoin in that there are no borders
