WheelsRCool
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- Aug 12, 2007
- 436
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Hey in Robert Kiyosaki's book "Cashflow Quadrant," (if I'm remembering correctly) he mentions that people should not diversify their investments, that they should concentrate on certain investments. Basically, his theory seems to be the opposite of the standard, which is specialize in a profession, diversify your investments, whereas his is do not specialize in a profession, diversify, but regarding investments, specialize (again if I'm remembering right). My question is though, isn't that dangerous? Don't you want your investments diversified so if part of the market tanks, your money isn't all in one industry? Sort of like people who had all their money in tech stocks at the height of the dot-com bubble, then lost massive sums of money because of this when it crashed (one guy went from net worth $10 billion to $100 million, another $1 billion to $15 million, etc...)??
Thanks,
---Wheels---
Thanks,
---Wheels---
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