Investing wisely requires customization beyond generic rules like the '100-minus-your-age' guideline, which suggests a fixed stock-to-bond ratio. Instead, individuals should reflect on their personal financial situation, concerns, and risk tolerance. Engaging with a fiduciary financial advisor can provide tailored advice that considers one's unique context and helps mitigate emotionally driven decisions, ensuring a more informed and deliberate approach to portfolio diversification.
Understanding your motivation can help you make more careful, less knee-jerk decisions regarding how to diversify your portfolio.
The ideal portfolio is designed to meet your specific situation rather than fitting a one-size-fits-all approach.
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