This Investing Mistake Could Stunt Your Portfolio's Growth
There are different strategies you can adopt on the road to building an investment portfolio. But as a general rule, it's a good idea to maintain a diverse investment mix.
A diverse portfolio could not only help you grow a lot of wealth over time, but also protect you during periods of stock market turbulence. When stock values fall but you own a wide range of companies, you may be less likely to see your portfolio value take a massive hit.
The problem with diversifying, though, is that some of the stocks you may want to own might be too expensive for your budget. And so you may be inclined to just hold off on buying them until you can afford more shares (or, in some cases, a single share). But actually, that's a mistake you might regret.
Source Fool.com
