What should I avoid in my portfolio?
An example of an AI chatbot conversation about investment portfolio pitfalls.
What should I avoid in my portfolio?
You should avoid over-diversification, high fees, and investing in assets you don't understand.
Can you explain why over-diversification is a problem?
Over-diversification can dilute your returns and make it harder to track your investments effectively.
What about high fees? How do they affect my portfolio?
High fees can significantly erode your returns over time, reducing the overall growth of your investments.
Are there specific assets I should steer clear of?
Yes, avoid speculative assets and those with poor fundamentals, as they can be risky and volatile.
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