Anonymous

17 Jul 2020

∙

General Investing

How can I further diversify my financial portfolio?

I'm a 21 y/o male currently waiting to enter uni and I have about a total of $60k in savings and shares (50/50). Most of my accumulated wealth was built through extreme savings, working multiple part-time jobs, trading shares and doing some side hustles over the years. I want to diversify the risks of my financial portfolio rather than just putting money in the stock market and in high returns savings account. Any advice on this?

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Soon Oon

17 Jul 2020

Investing more money not just into your portfolio, but on unit trusts, ETFs and practicing good diversification is key.

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Maximilian Günther

17 Jul 2020

You could look into putting some of the money into roboadvisors or fixed income bonds.

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Kevin

16 Jul 2020

You could look into a portfolio of equities, money market funds and bonds. This should diversify you...

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I constantly hear about the importance of diversifying your portfolio when it comes to investment. What would be considered a diversified portfolio?

How does P2P lending diversify your portfolio? Shall I diversify my portfolio through P2P lending?

I understand that diversify is good as saying do not put all your eggs in on basket. However, can you over-diversify your investment portfolio?

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Are you willing to share what your financial portfolio look like? Or if not so specifically, maybe can share what percentage of it is being made up by different financial asset classes?