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Don't Fall Victim to These 5 Wall Street LiesMarch 24, 2009 By Keith Fitz-Gerald, Contributing Editor, |
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Wall Street Lie #3: It Pays to Diversify
Common investing wisdom touts spreading your money around as a safety precaution.
In reality, this is no more effective than rearranging the deck chairs on the Titanic. It's best to just get off the boat.
Instead, a "safety first" strategy is far more stable and generates some impressive returns by emphasizing high current income and long-term appreciation.
Many investors don't understand the name of the game right now, incorrectly believing investing in a recession is an all-or-nothing equation. They're wrong.
NEXT: What to Do Now




