Don't make this HUGE investing mistake and instead ensure you've got a diversified portfolio for your investments. Too often, I see influencers tell people to just buy this one stock or ETF and they'll get rich, without sharing how risky this can be! To build long-term wealth (and do it right), you need to be diversified. This means not putting all your eggs in one basket but instead investing is lots of different asset classes, sectors, industries, and regions.
I break down how diversification can help limit your exposure to risk and lower the level of volatility in your portfolio, as well as how to make a diversified portfolio of ETFs on your own.
*This video is sponsored by BMO Exchange Traded Funds. I (Jessica Moorhouse) was compensated under this arrangement by BMO ETFs.*
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RESOURCES I MENTIONED
📌 BMO ETF Centre: http://tinyurl.com/9th9svbt
📌 ZSP https://tinyurl.com/tjr4s4bt
📌 ZGRO https://tinyurl.com/mr5jvcef
📌 ETF Market Insights: https://etfmarketinsights.com/
📌 ETF Market Insights YT Channel: https://www.youtube.com/c/etfmarketinsights
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CHAPTERS
00:00 Introduction
00:55 What does diversification mean?
01:42 The biggest mistake I see investors make
03:04 The importance of looking at long-term historical returns
03:49 Negative correlations
05:32 How to make a diversified portfolio
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The content I produce is for education and entertainment purposes only. Nothing on this YouTube channel, my website or affiliated channels should be considered financial, investment or legal advice, or an endorsement for any type of service, product, or brand. Some links in this description may be affiliate links in which I may earn a commission at no extra cost to you. Please read my disclaimer to learn more: https://jessicamoorhouse.com/disclaimer/
