Quote:
Originally Posted by Forever91
I am not as experienced as a lot of you but I do know that it's never good to put all of your eggs in one basket, most of you have great ideas (except those of you who mentioned ONLY investing in online programs). Investing in real estate, agricultural land, gold and silver are all beneficial investments ESPECIALLY when combined.
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At the end of the day, you need to invest in what you understand. Anyone that says different is an idiot and a poor investor or forgetting the fact that they love and understand that thing they are recommending to someone who doesn't.
You diversify when you are giving money to someone who understands those various investment instruments and the degree of risk each carries.
Before even thinking about investing anything, you need to understand your goals and have clear goals and objectives because that will determine what you are going to do with your money to achieve those goals.
The idea of "diversifying" is retarded unless you are talking about standard investments (stocks, bonds, mutual funds etc) and simply managing risk. If you are one of the best in the world at AdWords and PPC traffic and have $100,000.00 saved up from making money that way, you'd be a fool to not invest that money back into what you are doing.
The industry is littered with the dead bodies of those who wanted to "diversify" and full of people who went away and came crawling back after losing their ass and never recovered financially.
