I want to manage my finances
Diversification, or how to avoid putting all your eggs in one basket
The fundamental rule to follow when you invest your money is to diversify your investments.
Instead of focusing in one investment, divide your money and invest in different products. That will enable you to reduce your risk.
Another good way to diversify your investments is to invest in different companies and industries, or in various regions around the world.
Planning means having a good game strategy and sticking to it.
Your plan must include:
With a good plan, you will be less likely to react irrationaly if there are major rises or falls in the market.