What is diversification in investing?

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What is diversification in investing?

Diversification in investing refers to the strategy of spreading investments across different assets or securities in order to reduce risk. By diversifying, investors aim to minimize the impact of any single investment's performance on their overall portfolio. This can be achieved by investing in various industries, asset classes, geographic regions, or types of securities. The goal is to create a balanced portfolio that can potentially generate more stable returns over time.