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Nobody gets rich from diversification. Its just what they tell uneducated people so that they dont take on huge risk
by ldjkfkdsjnv 2y ago
Nobody gets rich from diversification. Its just what they tell uneducated people so that they dont take on huge risk
- johncreatescode 2y agoSo it's better to stick with it and focus your energy on one thing?
- jmcgough 2y agoIdk, keeping spending low and pumping everything I could into index funds worked really well for me with minimal risk. When you come from a poor background and can't bounce back as easily from setbacks, you may have a different risk profile.
- cpach 2y agoThis statement is so general that I feel it doesn’t really say anything. It’s true that Larry Ellison didn’t become a billionaire by buying and holding index funds. But for people who don’t feel a strong desire to buy their own yacht, index funds can be a very good investment.