Planning your investment: Step 3 - Know the concepts of investing: Diversification
A proven strategy for successful investing is diversification - to vary your investment.
Diversification is an effective way of minimising risks and protecting you from volatility in a particular asset class or industry.
Different types of investments are exposed to different risk and by diversifying, the losses in some investments can be offset by other investment gains.
Reprinted with permission from BankingInfo (A Consumer Education Programme by Bank Negara Malaysia)
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