The goal is to maximize your returns, yet protect yourself from various market reactions. Ideally, you’d want items that react differently from each other.
A great offensive combination is being well-diversified, having a long-term investing horizon, and keeping your portfolio uncomplicated. Here are some simple, yet best tips for diversifying your investments.
When diversifying your investments you want to keep the process going. And if you have a long-term horizon for your investments, then dollar-cost averaging is a must.
Some investments do not work out the way you intended, and by staying alert and staying up to date on your investments, you can figure out when it’s time to cut your losses.