Ep 40: What is Diversification?

Retirement Planning
Written By Nicolas Davis
 
 

Diversification is a common term in the financial landscape, but what does this term actually mean? Today we will be covering the basics of diversification and why you may want to consider this strategy in your retirement portfolio.

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In this episode:

[0:47] Diversification definition

[1:56] Correlation (Beta)

[2:33] What are the benefits?

[5:33] Standard Deviation

[6:20] What diversification is not

[6:30] 1- Just using one index fund

[7:35] 2 -Just having lots of stocks

[10:12] 3- Should everyone use the same diversification method?

[12:37] 4 -Just having multiple accounts or products

 
Nicolas Davis
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Ep 39: Spring Cleaning Your Finances