Quote from: Danica22 on July 26, 2025, 02:41:11 PM

He would not have faced such dire consequences.
In this case, there is no need to diversify into other assets/investments like bitcoin or stocks. He just needs to diversify into different geographies.

Imagine he had bought some bitcoin back then don't you think he would have recovered the loss. Every investment has their risks none is 100% safe so diversifying assets/investments isn't a bad idea even after investing in real estate in different locations.

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Therefore, in my opinion, diversification will depend on many factors such as geography, security, asset type...it is not always necessary to diversify into many different types of assets. Because managing multiple assets is not easy and not everyone can do it.

Managing multiple assets might not be easy but is more safer than having just a single portfolio. Imagine someone's landed properties get seized for reasons either justified or not what will they fallback to. A well spread portfolio has always saved people in tough times.