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<p>[QUOTE="Blaubart, post: 1577570, member: 37498"]This rule holds true for virtually everything in life, but the answers aren't always simple.</p><p><br /></p><p>For example, when diversifying investments, much depends on how one categorize things. My portfolio is very diversified by most standards, but 95%+ of my investments depend on our economy and the value of the dollar. That's a lot of different colored eggs in one basket. Should I try to lower my investments that are tied to the economy in an effort to further to diversify my investments, or would that be less diversification? i.e. Sell some stocks and real estate and buy different kinds of PM (gold, platinum, silver, etc.). Should I look for other non-perishable physical assets that are easy to buy and sell and would still have value in any economic condition? (Guns, ammo, tools, art, oil, etc)</p><p><br /></p><p>I don't know, and I don't really think it's worth losing any sleep over until I'm ready to retire and I become dependent on my investments. Then, preserving wealth will become a priority. For now, if I lose some of my investment capital because the price of silver goes down to $5/Oz, it's all good. I'll just use some of my income to buy a whole lot more silver. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Blaubart, post: 1577570, member: 37498"]This rule holds true for virtually everything in life, but the answers aren't always simple. For example, when diversifying investments, much depends on how one categorize things. My portfolio is very diversified by most standards, but 95%+ of my investments depend on our economy and the value of the dollar. That's a lot of different colored eggs in one basket. Should I try to lower my investments that are tied to the economy in an effort to further to diversify my investments, or would that be less diversification? i.e. Sell some stocks and real estate and buy different kinds of PM (gold, platinum, silver, etc.). Should I look for other non-perishable physical assets that are easy to buy and sell and would still have value in any economic condition? (Guns, ammo, tools, art, oil, etc) I don't know, and I don't really think it's worth losing any sleep over until I'm ready to retire and I become dependent on my investments. Then, preserving wealth will become a priority. For now, if I lose some of my investment capital because the price of silver goes down to $5/Oz, it's all good. I'll just use some of my income to buy a whole lot more silver. :D[/QUOTE]
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