Welcome to My New Investing Blog
Diversification
What is diversification? In investing diversification is simply having multiple assets within your portfolio. If you are invested into a mutual fund it takes care of diversification for you because a mutual fund is broken down into multiple assets all within one fund. I like to remind myself of diversification by the quote “don’t put…
Compound Interest
“Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest.” Compound interest has been identified as Einstein’s eight wonder of the world. The longer you allow compound interest to work for you the greater it’ll pay in the end. Example If I were to ask you if you…
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