Generational Wealth MD

To Diversify or Not to Diversify?

July 24, 2023 Param Baladandapani MD
Generational Wealth MD
To Diversify or Not to Diversify?
Show Notes

I’m sure you’ve all been told at one point or another not to put your eggs in one basket. And that’s sound advice, but what if you really know the in’s and out’s of the basket? 🥚🧺

Let’s say you know how it works, you trust that you can protect the eggs, and the eggs will stay fresher in just one basket than many. Should you still take the advice? 🤔

In this episode, we dive into the ultimate question: to diversify or not to diversify? We’ll explore the traditional approach to diversification and its value, the argument for not diversifying across assets, and how to mitigate risk when you’re not diversified in the traditional sense. ⚖️

You’ll see that diversification makes sense for a lot of people. But you’ll also see that if you trust your understanding of different assets and how to navigate the undulations of the market, there are tons of benefits to reap from sticking to what you know. 💸

Knowledge is power! So enjoy, and please consider subscribing and liking the episode! This helps me support more people -- just like you -- to accelerate to financial freedom and move toward the life they desire. 🙏 💬

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🌎 Reach out to Param

Website: https://www.generationalwealthmd.com/

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