| ‘Don’t put all eggs into one basket.’ This age old saying still hold true for sound financial planning. Having had a good experience with one instrument, we are often tempted to put in more money into the same category or company. However, a wise investor would only invest a limited amount of money in one company or a particular asset class. Diversify your savings to spread your risk and gain from the profits that each sector has to offer, given that changing economic conditions favour different asset classes. |