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The Potential Benefits of Diversification

“Don’t put all your eggs in one basket” is a common expression that most people have heard in their lifetime. Simply put it means don’t risk losing everything by putting all your hard work or money into any one place. To practice this in the context of investing means diversification – the strategy of holding more than one type of investment , such as stocks, bonds, or cash, in a portfolio to reduce the overall risk of the portfolio. In addition, an investor can diversify among their stock holdings by buying a combination of large, small, or international stocks, or […]

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Getting the YOLO Generation On Track With Retirement

As the generation who popularized the phrases YOLO (You Only Live Once) and FOMO (Fear Of Missing Out), millennials have earned something of a reputation for impulsivity. How do you square this emphasis on immediate gratification with the slower business of planning for your financial future – a tomorrow that may be decades in the offing?   We loved this answer by Huffington Post contributor and retirement coach Jacob Gold. The smartest approach isn’t to fight the YOLO / FOMO mentality but channel it to your advantage. Here’s how Gold puts it:   What young generations do not realize is […]

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