Many young people make the mistake of only investing in bank deposits because it is convenient. Yet this can create problems for people from poorer communities, so it is better to diversify the investment into stocks, mutual funds, debentures, bonds and other investment. Do members of the forum diversify their investment?
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- Fords8
Have you diversified your investment?
- Thread starter neku
- Start date
Yes, diversifying your investments is very important. You don't want to put all eggs in one basket. I have invested in stocks, mutual funds and bonds in different geographical locations.
It's true that relying solely on bank deposits can pose challenges, especially for individuals from less privileged backgrounds.
It's something like when we move outside with big amount then we distribute it in different pockets. In similar way we must invest money in different stocks and different forms.
