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Re: Can anyone explain diversification?
I also tend to be a one-job-at-a-time person. I dont like sticking my nose in something I have no advantage in. Most successsful people may do multiple projects but they all tend to be related to one another. I think one is better off sticking to one field and exceling in it.
In terms of diversifying your stock portfolio, you can minimize risk by diversifying in different sectors. You can also invest it in the futures market to hedge your position. I enjoy holding a few things long term but it if wasnt for the short term trading, I would be penniless.
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James Lee
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