Diversify Well

New England Patriot head coach Bill Belichick is known for adding “well” to “do your job.” In order for the team to succeed, he had said, “just do your job, not someone else’s job.” Then he began saying “do your job well.”

Ray Dalio says diversify well. Some people try, but do not diversify well. If you have a couple minutes, I highly recommend watching this video.

https://www.marketwatch.com/story/this-is-the-greatest-mistake-an-investor-can-make-according-to-the-founder-of-the-worlds-biggest-hedge-fund-2020-04-27?mod=MW_article_top_stories

‘The greatest mistake of all investors is to think that what has done well lately is a better investment rather than more expensive. And what has done worse lately is the worst investment — get me out of it! — rather than it’s cheap.’

*The views expressed in the attached commentary are for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security which may be referenced herein. Investing involves risk including the potential loss of principal. Indexes are unmanaged and investors are not able to invest directly into any index. Diversification cannot assure success or protects against loss in declining markets. Past performance is no guarantee of future results.