New Money Rules for Financial Security - #6. Diversification

[This post is written and copyrighted by FIRE Finance (http://firefinance.blogspot.com).]One of the basic money rules about a portfolio was that it had to be diversified to reduce our risk of losses. Well all of us know that diversifying our portfolios did not stop us from losing money in the recent downturn of the stock market. What went wrong?Rule #6: DiversificationOld thinking: A diversified

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