Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Almost all financial planners suggest 'diversification'. Successful property investors would say "Repeat what you have done".
Does anyone feel above two are kind of conflicting?
When do you say "Ok... my exposure to property is enough. Now time to look at other vehicles?"
Almost all financial planners suggest 'diversification'. Successful property investors would say "Repeat what you have done".
Does anyone feel above two are kind of contradictory?
When do you say "Ok... my exposure to property is enough. Now time to look at other vehicles?"
Diversification if you don't know what you're doing
Concentration if you do.
Even in shares, I do not believe in holding a broad basket of shares of which I have minimal knowledge about. Some of the biggest wins and losses of mine on the stockmarket have been risking a significant part of my net worth on one or two shares at certain points in time.
I would say "diversify" to minimise your risk..
Diversification if you don't know what you're doing
Concentration if you do.
I recall reading something in my DFP about some study they did a while back on random stock picking vs researched stock picking... end outcome was quite similar.
That said, concentration in multiple investments with minimal correlation.