Mar 17 2008
Please, Please, Learn from History – Diversify Yourself
Diversification is not just something that makes sense for your investment portfolio. It also makes sense for your wealth and income.
How soon folks forget about Enron or think it couldn’t possibly happen to them and their firm. Loads of employees at that company not only lost their jobs but their life savings when that company went down earlier in this decade. It was a big deal. Loads of press. Jail terms. Law suits.
Flash forward to today. We see on TV people walking out of Bear Stearns with boxes in their hands an hear that one third of the float of BSC was owned by the employees – folks potentially now out of a job. Is this is rewind? Lost jobs and blown life savings.
When are folks going to learn that putting your income and your wealth in the same basket sets you up for a nasty surprise if things go wrong?
Here are some other posts which might interest you:
