During the market meltdown from October 2007 to March 2009 the S&P 500 swooned 57 percent. Almost no sector or asset class was immune from the carnage. Warren Buffett once said, “Diversification is protection against ignorance; it makes little sense for those who know what they’re doing.” You’re not Warren Buffett? Then diversify, but remember that owning too many funds or stocks ensures mediocre results, not protection.
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