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Tony Robbins Changes My Life (48 Minute Coaching Session)
My First Million
The Holy Grail of Investing: Diversification and Risk Reduction
Achieving financial freedom requires a strategic approach to investing, particularly in balancing risk and return. To improve returns without significantly increasing risks, identifying and leveraging 8 to 12 uncorrelated investments is crucial. This strategy can reduce risk by as much as 80% while offering a modest increase in potential upside. Understanding the difference between correlated and non-correlated assets is essential, as exemplified by the relationship between stocks and bonds; typically, during positive economic conditions, stocks are favored for growth, while bonds provide stability. Therefore, identifying non-correlated investments is vital in today's interconnected market, where many assets act in tandem.
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