This may involve diversifying the investment portfolio to reduce risk.

Diversifying your investment portfolio is a risk management strategy that aims to spread your investments across a variety of different asset classes, industries, and geographies. By doing so, you can potentially reduce the overall risk in your portfolio and increase the chances of achieving your financial goals.

There are several ways to diversify your investment portfolio, including investing in a mix of stocks, bonds, and cash equivalents; holding a variety of different types of stores, such as large-cap, small-cap, and international; and investing in different industries, such as technology, healthcare, and financial services.

It's important to remember that diversification does not guarantee a profit or protect against loss. It's just one tool you can use to manage risk and improve your chances of reaching your financial goals. It's also important to regularly review and rebalance your portfolio to ensure that it remains diversified and aligned with your investment goals.