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Deep Pockets & Stilettos

Deep Pockets and Stilettos is your new personal finance and self-help best friend. Ever felt excluded from financial conversations as a woman? That “this was not for you”? Well, this is the podcast where we debunk money myths that have been told to women, discuss investing and how to propel your finances and your career forward. This podcast also covers shifting your mindset towards abundance and getting rid of limiting beliefs to help you live your rich life.

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Deep Pockets & Stilettos

Why Diversification Is A Key Principle In Investing

April 05, 2023 • Lem • Season 1 • Episode 9

In today's episode, we talk about diversification within your portfolio and the importance of it in a sound investing approach. We first start by discussing the recent falling of Silicon Valley Bank or SVB. What exactly happened to SVB and why should we all have diversification at the forefront of our minds? We take a closer look at "classic" strategies for portfolio allocation and highlight that any chosen allocation should be tailored to you. We also cover why diversification is often a topic when it comes to income sources and why, despite being sound advice, this idea might not be realistic for most people.

Resources mentioned:

Nick Maggiulli's blog Of Dollars And Data:
https://ofdollarsanddata.com/ray-dalio-all-weather-portfolio/

Music by AudioCoffee from Pixabay