Diversification - What Is It, and Why Do You Need It?

On today’s Saving With Silverman podcast, Mark Silverman CFP® explains diversification. Most people we talk with don’t even understand what it is or why it’s important. Some people think it’s just a mutual fund or a ton of different mutual funds. Read more and get additional financial resources here: https://silverman-associates.com/saving-with-silverman-podcast/ep-32-diversification-what-is-it-and-why-do-you-need-it What we discuss on this episode: 0:39 – Defining diversification 1:28 – How much emphasis 3:09 – How Mark defines it 4:18 – Too diversified 5:28 – Making portfolios better