Ep 61: Is Diversification for Suckers?

What does diversification mean to you? And is it good financial strategy? On this episode of the Retirement Reality Podcast, Mike Kojonen breaks down the reasons why it’s not always a good financial strategy.

Read more and get additional financial resources here: https://principalpreservationservices.com/ep-61-is-diversification-for-suckers/

What we discuss on this show:

1:58 – Get to know you: Mike’s go-to karaoke song?

4:01 – Warren Buffet quote about diversification

4:54 – Definition of diversification

7:07 – What is diversification?

8:36 - How much emphasis should be put on diversification?

9:34 - Is it possible to be “too diversified?”

11:08 – Mike describes diversification scenario

14:26 – Be prepared