Do you know the importance of diversification in investing? Click to read how diversification can lower your risk while increasing your returns
To diversify means to give variety to something. For example, a business can diversify by offering many different products. If some products do not sell well, the business can still earn a profit from the money it makes on other products. Investing works the same way. If you diversify by putting your money into a variety of investments, you are protected if some do poorly and the others perform better. The mutual fund product is, by its nature, a diversified investment.
Mutual fund investors benefit from two types of diversification:
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