What is diversification in investment portfolios?
An example of an AI chatbot conversation about diversification in investment portfolios.
What is diversification in investment portfolios?
Diversification is the strategy of spreading investments across various assets to reduce risk.
Why is diversification important for investors?
It helps to minimize the impact of poor performance in any single investment, leading to more stable returns.
How can I diversify my investment portfolio?
You can diversify by investing in different asset classes like stocks, bonds, real estate, and commodities.
What are some common mistakes in diversification?
Common mistakes include over-diversifying, not understanding the assets, and failing to rebalance the portfolio.
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