What Do You Mean By Diversity?

The word ‘diversity’ is a alone one. It can stand for many things, depending upon its context. To work in a diverse workplace is to have got all genders and ethnicities represented. In another example, people endeavor for diverseness within their leisure clip activities, while at the same time seeking consistence (yes, that is strange).

Used to depict your financial affairs, diverseness is equally important, and I’d be happy to share why this is so. Rich Person you ever met person who said, “I put all my finances in small technical school stocks?” Iodine have, though they’re not as vocal about it these days! The same tin be said for those who prefer healthcare, existent estate, debris bonds, emerging markets, or their sleeping room mattress! Every section of the market have short-term and long-term cycles and fluctuations, and no 1 is immune to them.

I prefer nothing! No section of the market is more than or less important—they all have got a role. I manage assets like I feed ducks—everyone gets some, but no 1 gets too much. Handled mathematically and reviewed regularly, there is, in my opinion, no better manner to near the issue of long-term growth.

(If you go on to have got any fat ducks in your portfolio, I would urge you set them on a diet.)

© 2005 Matthew S. Clement, All rights reserved