Shebudgets
Not Diversifying
As the saying goes, it is important to not put all of your eggs in one basket. If something happens to one of your investments you need to have others to carry you through. If you put all of your savings into one investment you run the risk of losing everything. Always invest in multiple areas with the help of a professional that knows your goals.
We’re not saying you can’t own all stocks which can be a sound strategy. Just don’t own ONE stock. Make sure you are spread across multiple industries and sectors. If you invest in real estate, don’t own just one property and preferably have an income producing property.