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Forbes: The New Rules of Money

#2 Diversification Won't Protect You

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.

(Photo via Forbes)

More from Forbes:
See More of the New Rules Of Money
20 Stocks Poised To Pay A Special Dividend
Cities Where Home Sales Are On Fire

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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