Investing is important for building wealth, but risks are always involved. Diversification helps, but what are the best ways to spread investments effectively? What strategies have worked for you? Do you invest for a long term or a short term?
We are invested in short term CD's(12 months and less). Long term investments are in highly diversified mutual funds and large company stocks. A small amount of treasury bonds.
Diversification is great. the process of selecting a variety of investments within each asset class can be done. This will help to mitigate investment risk. Diversification across asset classes.