What is diversification and why should you care about it?
Essentially, diversification is not putting all of your eggs in one basket when it comes to investing. There are several ways to look at it, but the key is that you are investing in different types of assets. That can mean investing in different asset classes as well as having a variety of types of stocks.
So, where should you focus when it comes to diversifying your portfolio and determining your personal investment portfolio asset allocation?