What are some common myths about diversification in investing?
An example of an AI chatbot conversation about myths surrounding investment diversification.
What are some common myths about diversification in investing?
One common myth is that diversification guarantees profits. In reality, it reduces risk but doesn't ensure gains.
Is it true that you should diversify across many asset classes?
Yes, diversifying across different asset classes can help spread risk, but too much diversification can dilute returns.
Do I need to diversify if I invest in index funds?
Index funds are already diversified, but you might still want to consider diversifying across different index funds.
What about international diversification? Is it necessary?
International diversification can provide exposure to growth in other economies, but it also comes with currency risk.
How often should I review my diversification strategy?
It's wise to review your diversification strategy at least annually or when significant life changes occur.
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