Retirement and Investing

Coronavirus Lessons: Why Diversifying Your Portfolio is Important

by Andrew Carillo on May 20, 2020

Retirement and Investing

If you’re a beginning investor, it’s likely you’re concentrating on building your portfolio.  But as important as it is to build that portfolio, you should also ensure that it’s diversified. The current market uncertainty caused by COVID-19 is a perfect example of why diversification is so important. 

Why is a diversified portfolio so important?

There are three key reasons why diversifying is important:

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