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Finance For Dummies

Finance For Dummies offers personal finance information on investing, retirement investing, finance, insurance, credit cards, loans and more. Personal finance education is our goal.

Saturday, July 29, 2006

The Value of Diversification

Diversification might be boring, but it is prudent and profitable in the long term. Diversifying your portfolio holdings is the best way to make money in investing for the long run. By doing what is sometimes ignored because its lack of flash you will be positioned to handle good and bad economic and financial events.

If you want to sleep at night and feel like you are not betting the house you need to diversify. Your retirement money should be diversified; your other investments should be diversified. If you like to gamble for a big pay off keep a mad money fund where you can speculate, but do not speculate with money you will need.

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