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RE: Investment Diversification? "Diversification is for idiots!"

in #investing6 years ago (edited)

Ironic considering your bio starts with "Embodiment of contradiction" :-P

Diversification is a touchy subject I'm finding. I personally believe in systematic diversification of investments, while focusing your primary energies in your career/business. Real Estate is awesome, but if it isn't your career/business, it's best to exercise patience and be very selective about the deals you pursue. Investing in paper, same thing, be calculated about it and stick to areas you know and understand. Commodities/Cryptos... not my area of expertise, invested a bit as a learning exercise, but agree with you that researching the coins available and investing in ones you feel have the biggest upside and strongest business case is the best approach as opposed to having a sporadic portfolio of hype coins...

None the less, thanks for the comment. I may have to follow up with a "Shiny Object Syndrome" post.

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See, even my bio is contradicting what I´m living! I´d call that crazy wisdom and pure authenticity! ;))) Thanks for your insights!

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