By Jeffrey Meenes, CFP® (Published Date February 9, 2023)
The U.S. stock market has been an engine for wealth creation throughout the past century. This is especially true when investors are mindful of how markets work, what strategies deliver success, and what not to pay attention to. How exactly can a successful investor approach the markets? In this blog tip series we highlight ten principles an investor can follow to create a better investing experience and generate consistent returns over time.
Key Investing Principle #6 to Improve Your Odds of Investing Success: Practice Smart Diversification
Holding securities across many market segments can help manage overall risk. But diversifying within your home market may not be enough. Global diversification can broaden your investment universe.
Focus on what you can control. A fiduciary financial advisor can offer expertise and guidance to help you focus on actions that add value. This can lead to a better investment experience.