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investing strategy

Moneywise

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Business

Business & Economics

My dad’s wealth manager put my entire $50K in savings into one investment. Is he setting me up for disaster?

Summary

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71% Informative

An estimated 42% of Americans do not have an emergency fund they can access to cover unplanned expenses, according to U.S. News & World Report .

The problem with sticking to a single investment of yours can carry significant risk or volatility.

If you keep your entire portfolio in one stock, a significant loss in value could upend your financial plans.

With a more diversified portfolio, you may end up with some assets that haven’t lost value in a market crash.

If you like the idea of investing in real estate for diversification, you can look at real estate investment trusts (REITs) Many trade publicly like stocks and offer generous dividends.

On the stock side, it's a good idea to own shares of companies across a range of market sectors.

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