Asset Diversification Is NOT Boring?And Will Make You Money

OK, this article will start with the cheapest piece of advice you will receive this year. In fact, it will make you money. At the very worst it will stop you from LOSING all your money.

Advice: In investment, diversify your portfolio.

Repeat Advice: In other words, place your money in a variety of different investments.

In case you missed it the first time: Don't give Uncle Dave-o you life savings to put into a business venture that's a sure thing.

This simple piece of information is ignored by 85% of household investors. Most households put their money in one stock and hopes it ends up making money. Most people feel comfortable allocating all their money to one investment, one project. If the investment makes money - GREAT!! If the investment loses money - #x*#x!!!! Do you want to be stressed out about your money? No. You want your money to work for you.

When you visit a financial planner the basis of every strategy is diversification and asset allocation. Every disclaimer states that every case is different - it is true they are but the one common element implemented in every case is DIVERSIFICATION.

The theory behind it is this. If you place money in a variety of investments, with 70% in moderate-yielding, conservative investments and the rest in high-yielding speculative stocks. Then if you lose some money on the speccies, then at least you live to fight another day and more likely you may break even after you add the interest from your solid investements . If you make money on them, add that onto the other interest and you are up?Way Up!!

The key to solid investment is make the most of your money, earn the average (index funds and cash), and the use part of your assets on riskier investments. You can allocate money to property, cash, bonds, shares, trees, olives or whatever takes your fancy?The average sounds boring to most people but did you know that over 80% of actively managed funds perform before the market average. Average doesn't sound so bad now.

Psychologically, when your high-yield investments make you money you kick yourself for not allocating more funds to the investment. Don't fall for this trap. Pat yourself on the back for having a win and move on with your strategy. Confidence and 'what could have been' will be your downfall.

Dominic Dirupo survived the Tech Boom and Crash with Goldman Sachs and Deutsche Bank after graduating with Honours at London's City University. Dont Buy Information is an online resource designed to help every consumer make a business decision for free. No Strings Attached.

In The News:

Beyond Preston: How local wealth building is taking the UK by storm  CityMetricThe Preston Model, which has seen the Lancashire town rise from the bottom 20 per cent of the deprivation index to be named the UK's most improved city, has ...
Signs you're not building wealth and tips for fixing it  Business InsiderYou're probably not on the path to wealth if you live above your means or if you haven't started investing. Here's how to change that.
WATCH: Building wealth through investing  Inman.comWhat does the transition from buying and selling homes to growing your investment portfolio look like? Why should agents be using this strategy to build wealth?
How to Make Wealth Building and Job Opportunities More Equitable  Stanford Social Innovation ReviewAlternative economic and social investment models that are properly supported by new public policy and investment could help the United States create more ...
Is BlackRock Quietly Building a Wealth Management Colossus?  ThinkAdvisorWorried about Amazon entering wealth management? Don't sleep on BlackRock tech blogger Kyle Van Pelt says.
Financial planners: The best way to build wealth is automatic savings  Business InsiderFinancial planners say automating your savings is the best way to build long-term wealth. Here's how to do it.
Saving is not the key to building wealth—here's what is, says author of 'I Will Teach You to Be Rich'  CNBCThe typical millennial has about $2,400 socked away in a savings account. But personal finance advisor Ramit Sethi says having savings is not the key to ...
Five golden rules of building wealth the ‘S.M.A.R.T’ way  Moneycontrol.comYour portfolio returns need to be consistent with your goals, you can try and set up your portfolio in a manner that it averages a certain percentage of return over ...
Best Near-Term Wealth-Building Stock Now: Bristol-Myers Squibb Company (BMY)  MONReportWall Street analysts will be watching closely when Bristol-Myers Squibb Company (NYSE:BMY) reports its quarterly earnings next, which is scheduled for Thu 25 ...
Real Estate: A Source Of Wealth Building In An IRA  ForbesLooking to add real estate as an asset class to your retirement portfolio? You'll face limitations when investing via a traditional IRA custodian. A self-directed IRA ...
Letter: Is our housing shelter? Or wealth and social prestige?  The Mercury NewsMost of the people who show up to hearings want to continue housing as it is: restrictive, high-priced and scarce.
Best Near-Term Wealth-Building Stock Now: Centennial Resource Development, Inc. (CDEV)  MONReportWall Street analysts will be watching closely when Centennial Resource Development, Inc. (NASDAQ:CDEV) reports its quarterly earnings next, which is ...
3 Wealth-Building Lessons From One of My Best Calls Ever  Investorplace.comTen years ago, I nailed it. I don't mean to brag, but it was one of the best calls I ever made. The date was Friday, March 6, 2009. I was appearing on television on ...
1 Wealth-Building Stock to Put in Your RRSP  The Motley Fool CanadaNorthland Power Inc. (TSX:NPI), a renewable energy utility, has growth potential that RRSP investors need to take their retirement savings to the next level.
How to Start Investing and Build Personal Wealth  TheStreet.comStart investing as soon as possible and watch your personal wealth increase over time....SCHW.
I'm a financial planner, and my most successful clients taught me 8 strategies crucial for building wealth  Business InsiderEric Roberge, a certified financial planner, said his most successful clients built good habits, grew their income, and learned to manage money.
Increasing income, not cutting expenses, is key to building wealth  Business InsiderSaving money isn't the sole ingredient in building wealth. If you can increase your income, the benefit will be much greater.
Sen. Wiener Authors CA Estate Tax to ‘Alleviate Socio-Economic Inequality’  California GlobeSen. Scott Wiener (D-San Francisco) announced Tuesday that he has authored legislation to put a wealth estate tax on the California ballot in 2020 in order to ...
NFP To Acquire Bronfman Rothschild, Further Elevating Its Wealth Management Capabilities and Scale  Associated PressThis *content* is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.
A rise in discreet wealth is creating a new type of status symbol, and the elite are spending their money on 5  Business Insider IndiaLeon Neal/ShutterstockA rise in discreet wealth has created new status symbols.Rich people are investing less in material goods and increasingly in habits.
How to get the elite strategies of top Fx, crypto and binary options traders  CaptainAltcoinI am about to say something that might shock you. You don't need to be highly educated or possess excellent ability in order to make money trading. You just ...
From poverty reduction to wealth creation  Jordan TimesFighting poverty tops the list of national priorities and is anything but an easy job. What is to achieve this goal is a new homegrown sustainable model to curb the ...
Call for better indigenous bank focus  NEWS.com.auAustralian bankers and wealth-building services should focus more on how they can better cater to indigenous people, shadow treasurer Chris Bowen says.
A storm is brewing at Richardson GMP  The Globe and MailWealth manager Richardson GMP Ltd. is a dormant volcano these days, with only the occasional puff of smoke in the form of a few employee departures, ...
The Herd: New hires, promotions & departures for 3.26.19  RichmondBizSenseEileen E. Waters has joined McCandlish Holton as an associate in the litigation practice group, with a focus on civil litigation. She has degrees from James ...
WATCH: Pros and cons of trading your car  eNCAeNCA talks personal finance with Maya Fisher-French.
Best Near-Term Wealth-Building Stock Now: KeyCorp (KEY)  MONReportWall Street analysts will be watching closely when KeyCorp (NYSE:KEY) reports its quarterly earnings next, which is scheduled for Thu 18 Apr (In 29 Days).
Wealth tax on top rich could fund Congress’s plan for poor: paper  The Indian ExpressThe Congress' proposal of Nyay, a monthly payout of Rs 6,000 to the poorest 20 per cent, can be best served with “more progressive taxation,” which could ...
Best Near-Term Wealth-Building Stock Now: Endo International plc (ENDP)  MONReportWall Street analysts will be watching closely when Endo International plc (NASDAQ:ENDP) reports its quarterly earnings next, which is scheduled for Tue 14 ...
Josh Brown launches by-and-for RIA event, Wealth/Stack, in Arizona but with pay-to-speak slots for sponsors  RIABizBrooke's Note: I don't know for sure whether RIA event mania is a supply-side or demand-driven economy. The supply keeps going up, but whether it drives ...
Census workers needed for Rochester, Monroe County  13WHAM-TVRochester, N. Y. (WHAM) - With the upcoming 2020 census, census directors and local government officials are looking for people who can help them in the field ...
Why Is Silicon Valley So Obsessed With the Virtue of Suffering?  The New York TimesThe Stoics and friends continue to be the dominant thought leaders from Google to Apple — and a new entrepreneur lobbying firm has even named itself Cicero.
Hawaiian Holdings: Best Near-Term Wealth-Building Stock Now  Seeking AlphaStrong demonstrated odds for profit by over 100 prior Market-Maker price range forecasts like today's. Prior such forecast payoffs in 7-8 weeks at CAGR rates ha.
Creating wealth for local economies event  Business Cornwall MagazineThe Shadow Chancellor of the Exchequer's advisor will be presenting at a special event in Bodmin tomorrow.
Best Near-Term Wealth-Building Stock Now: Tapestry, Inc. (TPR)  MONReportWall Street analysts will be watching closely when Tapestry, Inc. (NYSE:TPR) reports its quarterly earnings next, which is scheduled for Tue 7 May (In 51 Days).
Tiedemann Advisors Wins Multiple Family Wealth Report Awards  Business WireTiedemann Advisors, one of the largest independent investment and wealth advisors for high-net-worth families, trusts, foundations, and endowments, wa.
Buying a Private Island: Investment or Luxury?  MarketCurrents Wealth ManagementAt age 28, just six years after starting his business, a young Sir Richard Branson decided to buy himself the ultimate luxury – a private island in the Caribbean.
Museveni to churches: Teach wealth creation  Daily MonitorThe president pledged to donate a brand new car to Bishop Jackson Thembo Nzerebende to replace the one he gave him in 2009.
Best Near-Term Wealth-Building Stock Now: BP p.l.c. (BP)  MONReportWall Street analysts will be watching closely when BP p.l.c. (NYSE:BP) reports its quarterly earnings next, which is scheduled for Tue 7 May (In 49 Days).
How Azim Premji is rewriting the art of giving  Economic TimesNow, more of India Inc should be a catalyst for social development in India.
Qatar's $434 million desert rose museum finally blooms - ​Qatar's rose museum  Economic TimesAlmost a decade in the making, three years late and at an estimated cost of $434 million, Qatar's vast national museum, built in the shape of a desert rose, opens ...
166-Unit Apartment Building Coming to Hough, Will be Marketed to Case Students  Cleveland SceneCleveland City Council approved legislation Monday night that greenlit the sale of city-owned land near University Circle for the development of a 166-unit ...
Leaders Need AI To Keep Pace With The Data Explosion  ForbesThe data humanity generates is exploding, but leaders will need artificial intelligence to make use of it.
Best Near-Term Wealth-Building Stock Now: FuelCell Energy, Inc. (FCEL)  MONReportWall Street analysts will be watching closely when FuelCell Energy, Inc. (NASDAQ:FCEL) reports its quarterly earnings next, which is scheduled for Thu 6 Jun (In ...
Best Near-Term Wealth-Building Stock Now: Chevron Corporation (CVX)  MONReportWall Street analysts will be watching closely when Chevron Corporation (NYSE:CVX) reports its quarterly earnings next, which is scheduled for Fri 26 Apr (In 43 ...
Mercer Advisors promotes Kara Duckworth to lead Client Experience  BenzingaDENVER, March 26, 2019 /PRNewswire/ -- Kara Duckworth, CFP® and CDFA®, has been promoted to Managing Director of Client Experience at Mercer Global ...
MONEY THOUGHTS: Scrutinising Your Building Blocks of Wealth  New Straits TimesAre you prepared for eventual retirement or does the prospect fill you with dread? It doesn't need to be scary if you prepare for retirement decades in advance.
Leading sports psychologist confirmed for BMF All-Industry Conference  Builders Merchants JournalMichael Caulfield Msc, one of the UK's leading sports psychologists who has worked with England football manager Gareth Southgate, as well as teams and ...
David Adjaye tapped to help reimagine Bed-Stuy’s Restoration Plaza  Curbed NYA 50-year-old community anchor will be reimagined with the help of the British starchitect.
Best Near-Term Wealth-Building Stock Now: JetBlue Airways Corporation (JBLU)  MONReportWall Street analysts will be watching closely when JetBlue Airways Corporation (NASDAQ:JBLU) reports its quarterly earnings next, which is scheduled for Tue ...
Mentorship, vital tool for business success  The Nation NewspaperTo be successful is not all about hard work and giving the best, you also need to learn from somebody that has done what you want to do, so that he or she can ...
Couple Uses Bitcoin Wealth to Build World’s First “Seastead”  newsBTCAn early Bitcoin investor and self-confessed libertarian has built the first “seastead” with his BTC profits. For those who do not know, a seastead is a.
How Manchester City Council used its procurement spending to build local wealth  Room151A new approach to buying goods and services by Manchester City Council has led to the creation of jobs and wealth within the city, says Matthew Todd.
Analyst leaves high-paying Wall Street career to teach financial literacy to inner-city youth  WPVI-TVAshley Fox left a six-figure Wall Street career behind to return to her native Philadelphia and teach inner city kids how they too can invest and build wealth.
How to be rich: Check T Boone Pickens mantra for wealth creation - Iconic billionaire reveals what leads t...  Zee BusinessIt takes a team for any successful enterprise. Who could know this better than T Boone Pickens, a Linkedin influencer with seven-decades of experience as a ...
The Rise Of Conscious Capitalism  ForbesThere's a new wave of businesses breaking into the zeitgeist -- a profound breakthrough aligning and combining the power of capitalism with the global human ...
U.K. Charities Snub Sacklers' Donations Over Oxycontin  ForbesThe Sackler Trust, a philanthropic arm of the American Sackler family, is pausing all philanthropic giving in the U.K. after being repeatedly snubbed by British ...
Our wealthiest 250 Australians set to surface in The List  The AustralianJerry Schwartz is confident he has already got excellent value for money from forking out a handsome 67.25 million for his harbourfront mansion in Sydneys ...
Nine Of The Best Ways To Build Wealth  ForbesIt is often said that the three main sources of wealth creation are the stock market, real estate and entrepreneurship. With this knowledge as a starting point, ...
Pakistan is desperately poor. Its army is rich beyond belief. How come?  DailyOThere's a lot more to Pakistan's constant aggression towards India. It's a useful veil for one of Pakistan's most stark truths, about how its army has taken over its ...
The Final 5 Steps To Building Wealth  ForbesBuilding wealth is an endeavor that should begin when you're young and continue throughout your career. Combined with the first five steps previously ...
The First 5 Steps To Building Wealth  ForbesThis is the first of a two-part series. When you're looking into getting a loan, you'll see options for homes, cars, businesses, and even vacations. What you won't ...
Uber Wants Your Money, Part Duh  Wealth DailyUber thinks it's worth $120 billion, or 12 times its revenue. But it appears there are too many cooks in this one... Wealth Daily editor Briton Ryle explains why he ...
Labour leader Jeremy Corbyn meets Morecambe voters on weekend walkabout visit  Lancaster GuardianJeremy Corbyn was on a campaign visit to Morecambe on Saturday ahead of May's local elections.
Northern Arc raises Rs 910 cr from IIFL Asset, SCPE & Affirma Capital  Business StandardNorthern Arc Capital (formerly IFMR Capital) has raised Rs 910 crore from IIFL Special Opportunities Fund & its Series managed by IIFL Asset Management ...
My simple 3-step plan to build up a £1 million ISA account  Motley Fool UKEdward Sheldon explains his plan to build up his ISA portfolio to one million pounds.
Former Sears building on Maine Street gets new owner, new look  Herald-WhigThe old Sears, Roebuck and Co. building at 511 Maine Street is getting a new look and a new occupant.
6 Wealth Building Alternatives Without Buying Stocks  ForbesBuilding wealth with the stock market has always been a possibility, but what if you prefer to hedge your bets and invest elsewhere as well? This post goes over ...
Why I’m ditching active investments for passive index-trackers: Elian Wiener  BizNewsEDINBURGH — It's time to get active about being passive, reckons Elian Wiener – one of my former colleagues, in a past life at Moneyweb. Wiener is a very ...
Labour leader Jeremy Corbyn on campaign visit to Morecambe ahead of May’s local elections  Lancashire Evening PostHe joined local Labour candidates in launching their manifesto on Saturday with pledges to tackle poverty, act on climate change and invest in housing.
The road to wealth creation is paved with smart investments  Economic TimesEquity, hands down, is the best asset class to help you create wealth.
Sumner Group Secures $20 Million in Seed Funding  Securities.ioThis week, the Singapore-based investment firm the Sumner Group secured $20 million in seed funding from a combination of Middle Eastern investors.
10 Simple Truths About Building Wealth And Getting Rich  ForbesWant to build wealth? Want to get rich? The simple approach is the best approach.
Irish Rich List 2019: movers, shakers and record-breakers  The TimesIreland's most affluent people continue to smash wealth records. The richest 300 are worth €87bn, up 10% from last year's previous record high of €79bn.
How to Build Wealth  NerdWalletBuilding wealth is about small, regular investments into your financial security. Here's how to build and maintain your wealth over time.
How to build wealth in 4 steps, according to millionaires  Business InsiderBuilding wealth involves a four-step process: Growing income, controlling spending, investing in index funds, and investing in real estate.
Blueprint Local: Creating Wealth-Building Ecosystems In Local Communities  ForbesBlueprint Local aims to create viable local ecosystems with long-term staying power.
How to get rich? 5 sure-shot ways to create serious wealth that you always ignore  Economic TimesWealth creation is tough. But taking the right steps – no matter how little they are – can make it easy and help you go the distance. Cut to school days.
Elizabeth Warren wants to save capitalism, but first she'd have to beat Donald Trump  USA TODAYWarren bristles with plans to make society fairer and more inclusive. But it's fair to ask if Democrats should entrust her with the 2020 nomination.
The author of 'The Millionaire Next Door' explains 3 ways anyone can build more wealth  Business InsiderBuilding wealth is possible regardless of your financial situation or education — if you're practicing these three things.
Where you live plays a big role in your ability to build wealth  SF GateYour neighborhood affects your savings — if you live in an affluent neighborhood, you're more likely to mirror your neighbor's consumption habits.
Beginners' guide to wealth creation Part I: Why should you invest?  Business TodayThis is the first part of a three-part series on investments and wealth creation for beginners. Investing is a technique of building wealth, but it's not only for the ...
Planning a £1m ISA? These two 7%+ yielders could help you get there  Motley Fool UKThese two stocks could give you an income for life and help you make a million, I believe.
“Historic GOLD SPIKE Ahead!”  Outsider ClubLooming global events are creating an economic “Perfect Storm” — and for only the fourth time since 1896, Mr. Dines has discovered a proven indicator that ...
8 simple money habits that will help you earn more in 2019  CNBCHere's a list of straightforward money habits you can start implementing today that can help make 2019 a more lucrative year.
Squalor, glamour, wealth and cruelty: the Britain Van Gogh saw and loved  The GuardianHe painted prisoners, devoured Dickens and worshipped the London News … ahead of a major show, our writer reveals how Britain changed Van Gogh – and ...
Here's what an 'HSA' is — and why it's the ideal wealth-building tool for millennials  CNBCHealth savings accounts, or HSAs, offer a triple tax advantage for savers, and millennials, thanks to their youth, are uniquely positioned to leverage this ...
4 Simple Habits to Build Wealth Faster  Kiplinger's Personal FinanceSure, making a lot of money helps, but research shows there are four behaviors that can be even more important to building true wealth.
Increasing your income is key to building wealth and retiring early  Business InsiderPeople overlook the power of increasing income to build wealth, says an early retiree named Grant Sabatier in his new book, "Financial Freedom."
6 myths about millionaires that can prevent you from building wealth  Business InsiderThere are several things people get wrong about millionaires — and it can prevent them from becoming a millionaire themselves.
Successful people build wealth through consistency  Business InsiderMany millionaires have five attributes in common that help them achieve financial independence. Consistency is key.
Why Real Estate Builds Wealth More Consistently Than Other Asset Classes  ForbesIf you lived through the recent real estate and economic recessions, the very headline of this article might cause you some emotional pain. Less than ten years ...
This millennial went from $2 in his bank account to $1 million in 5 years—here's his best advice for building wealth  CNBCIn five years, Millennial Money founder Grant Sabatier earned more than $1 million. He says his best advice for building wealth quickly is to increase your ...
How to build wealth from nothing?  Global Banking And Finance ReviewAre you crazy about how to build wealth from nothing? Look, there are too many ways that help you earn and save money even if you have nothing in your bank ...
‘In hindsight, my approach to build wealth was short term’  LivemintAnalysing the mistakes and getting rid of his portfolio's shortcomings set in motion Iqbal Mohammed's long-term journey.
The four steps millionaires use to build their wealth  The Sydney Morning HeraldAt the end of the day, building wealth is relatively simple: earn good money, save and invest. But there's a fourth step millionaires often take.
Getting rich can boil down to 6 'wealth factors' no matter your age or salary  LaddersThese “wealth factors” can make a person more likely to become wealthy, according to a researcher who studied more than 600 millionaires in America.
A financial classic on wealth building  Business DailyIt is early in the year, so resolutions are still top on our agenda. Study after study say that among the top three New Year's resolutions are exercising, saving and ...
A researcher who studied more than 600 millionaires found the same 2 qualities helped them get rich  Business InsiderTo build wealth, you need two qualities: resilience and perseverance. Anyone can develop them, but they're not for the faint of heart.
Deep Dive with Robert Cohen from Benson Oak Ventures on Venture Capital  Sovereign Wealth Fund InstituteThis interview is partner *content* from Sovereign Wealth Ltd. Many institutional investors are playing more of an active role in the venture capital space, which.

Virtual Millionaire Strategy Exposed

Let's begin this lesson with a definition of the term... Read More

Lesson 1 - Why Arent You Wealthy?

We will start the Financial Fitness System with the assumption... Read More

Plan For Wealth

One very important wealth creating habit is to set up... Read More

Wealth - 10 Basic Steps to Achieving It

Everyone wants to be wealthy. Only a few actually achieve... Read More

Its High Time for Lifetime Savings Accounts

I'm constantly reading articles on the internet and in financial... Read More

Personal Budget Programs

Do you have financial problems? Then a budget is the... Read More

How To Be the Ultimate American Consumer

Feel like a lemming lately? Ready to follow the crowd... Read More

The 11 Best Money Saving Ideas of All Time - Part 2

At any time in history, no matter what the current... Read More

Is Your Money Keeping Up With Inflation?

In today's unpredictable global economy, you obviously never know what... Read More

Top 10 Secrets of Getting Rich!

As many people have observed, "Success leaves clues." If you... Read More

The Difference Between Wants & Needs

So you want to become wealthy? While there is no... Read More

WARNING: The Biggest Lie About Compound Interest

Have you wondered why financial experts only tell you certain... Read More

Building Blocks of a Financial Foundation

You can't build a house from the roof down, and... Read More

Gain More Control of Your 401k - What It Can Mean to Your Future

Points to ponder as you consider what can be done... Read More

Creating Money, Prosperity, and Abundance Now (Part 2)

Giving and ReceivingIt seems that people generally find it easy... Read More

21 Secrets of Self Made Millionaires

Self-Made Millionaires are not smarter or better than you. They... Read More

Budget Tips

To budget, to have a budget and to be on... Read More

Trustees: Who Can You Trust?

Early in my legal career I represented two young women... Read More

Finding Financial Freedom

Do you ever get this in your email box: Find... Read More

Getting An Offshore Bank Account Via The Internet

There is no need to use the many middleman websites... Read More

Building Wealth: A Wealth Building Strategy Is More Than Simply Diversifying Your Investments

Wealth - an abundance of values. Each of us determines... Read More

Tax Strategy - Theres More to Building Wealth than Clipping Coupons

We talked recently about the wealth formula:Spend less than you... Read More

Residual Income - Part Three Finding Leaders

In my last article on Creating Residual Income I mentioned... Read More

Online Retirement Opportunity: Freelance Copywriting

For most of us, the idea of retiring simply on... Read More

Top 7 Lucrative Paper Businesses You Can Run

Why not run a lucrative paper business? Paper businesses do... Read More