Quit Putting All Your Eggs in One Basket
Comments OffSeptember 16, 2008 by Tyson Wynn
<<<Begin PSA>>>
Every time we go through this cycle of businesses failing, we get obligatory news reports about company employees who have lost a fortune because all their retirement was in their own company’s stock.
I am no investment guru; the government doesn’t leave me much to invest. But anyone who has listened to a week’s worth of Dave Ramsey or Clark Howard (or ever heard the idiom “don’t put all your eggs in one basket”) should know better than to put all of one’s retirement in one, obviously highly volatile stock.
I know it’s great when it’s riding high, but it’s awful when it tanks. It’s bad enough to lose your job. Why compound it by losing your future, too. Diversify!
<<<End PSA>>>
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