AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Minimize Risk Through Understanding and Focus
Investing in a diversified portfolio is a hedge against ignorance and the lack of knowledge. Betting on the stock market is essentially betting on the growth of the country or world economy. It's only risky when you don't understand the variables. By focusing on what you know and understand, investing becomes less risky. This involves divesting from areas outside of one's expertise, holding equities in ETFs, investing in treasuries, and making big deals in areas of understanding, while repaying and repeating the cycle as a strategy. In today's economy, focusing on one's strengths is crucial due to the high level of risk.