I like Ray Dalios approach of diversification.

In case a black swan event like a global pandemic occurs, you put money in a few different places. In case you invest money in something that accidentally becomes the end of an era, you have money in another place as insurance.
15 Signs You’ll Be Financially Free in the Next 5 Years
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Tim Denning
Chris Soschner
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Jan 24, 2021
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I like Ray Dalios approach of diversification. He calls it limiting the downside risk without reducing the upside potential.
Just take digital payment. Putting all money into Wirecard would have led to a total loss in 2020. Putting the money into Adyen, Square, Paypal, Visa, Mastercard, Bitcoin, Ether, Gold and American Express would have still delivered significant returns in 2020.
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Written by Chris Soschner2.3K Followers
·880 Following
👉 Want Insights from Top Entrepreneurs and Investors? Tune into my podcast to hear from industry leaders. https://beginnersmind.buzzsprout.com/
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