What are some common mistakes people make in diversification?
An example of an AI chatbot conversation about common mistakes in investment diversification.
What are some common mistakes people make in diversification?
Some common mistakes include over-diversifying, not understanding asset correlation, and ignoring risk tolerance.
Can you explain what over-diversifying means?
Over-diversifying occurs when an investor holds too many assets, which can dilute potential returns and complicate management.
How can I avoid these mistakes?
To avoid these mistakes, focus on a balanced portfolio, understand your risk tolerance, and regularly review your investments.
What should I consider when choosing assets for diversification?
Consider factors like asset correlation, market conditions, your investment goals, and your time horizon.
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