Have Enough Money to Diversify Your Portfolio
Make Sure You Have Enough Money to Diversify Your Portfolio
Remember, diversification is key when it comes to investing. Putting all your money into a single stock leaves your portfolio overly concentrated and exposed to greater risk. Instead, you should aim to hold a number of stocks across different market sectors, industries and company sizes.
Again, if you only have less than $1,000 to start with, you don’t have to purchase 10 positions at once. It’s okay if you start with just a few stocks and then gradually expand your portfolio with more informed choices.