A diversified portfolio is timeless
A common piece of wisdom seen across all sources was this: diversify. Keeping your portfolios diversified is always a good idea, pandemic, or no pandemic. In fact, the pandemic may be proof of the power of diversification. Those who were diversified before took smaller hits. Remaining diversified protects investors against the world’s next version of COVID-19 – whatever that may be. It’s nearly impossible to predict the market, as explained here, so it’s better to have a bit of money in several areas than put it all in one place, based on facts today, that could change tomorrow.