Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Retirement Investing and other Retirement Planning topics.

Why should I diversify my portfolio?

The Importance of Diversification

When it comes to retirement portfolios nothing is more important than lowering the risk of loss. Diversification is an investment strategy that helps lower risks and help strengthen and protect the portfolio. Through diversification you will place your money in a number of different assets and investments, thereby increasing the chance of having a security net should one area take a turn for the worst. Work with your Investment Planner to make sure that your portfolio is diversified; this will also help you to stay strong while investing during retirement years.

Comments

Nobody has commented on this tip yet. Be the first.

Ask a Question

Not finding the advice and tips you need on this Retirement Planning Tip Site? Request a Tip Now!

Guru Spotlight

Jennifer Mathes, Ph.D.

Ever wonder how you could make your life better and more fun? So have tens of millions of fans who have turned to LifeTips for answers over the past decade. We keep the tips, advice, books, podcasts and writing services flowing, so you can keep your life and business growing in the right direction. Upward!