When it comes to investments, everyone thinks they’re an expert. Investing myths are so common that following the wrong instructions will cost you in the long run.
But the biggest and probably most common myth that turns out to just be a lie has to do with diversification.
I’m here to tell you…
Diversification is one of the WORST things you could do for your investments.
Why You Should AVOID the Diversification Investing Myth
You hear it all the time, “You should never put all your eggs in one basket.”
But when you have hundreds of investment portfolios that you can’t control yourself, it’s a different story, right?
The truth is when you have too many investments, you can not realistically manage them all. You need to call in another person to help you take care of it…
THAT’S HOW YOU LOSE MONEY. AND THAT’S HOW WALL STREET MAKES MORE MONEY.
If you can’t be self-sufficient with your investments, you lose cash flow.
It’s that simple.
When it comes to investing, don’t listen to myths that bleed you dry. Instead of diversifying…
You want to go all in.
Go All In On Your Investments
Going in on your investments gives you more control over your finances and it gives you an even better return than diversification.
But you can’t just jump in the deep end blindly…
YOU NEED TO KNOW WHAT YOU’RE GETTING INTO.
If you’re truly dedicated to setting up passive income through investments…
You need to know everything there is to know about where you are putting your money…
You need to become an expert in your investment.
Don’t believe me? The ultra-wealthy only focus on two to three major investments. Andrew Carnegie said it best:
“TAKE ALL YOUR EGGS, AND PUT THEM IN ONE BASKET. NOW WATCH THAT BASKET”
Going all in on one investment means being an expert…
Being obsessed with growing your wealth…
And being comfortable taking control of your finances.
When stepping into the world of investments, you need people who are willing to mentor you and give you the information you need to expand…
Not people who are just reiterating investing myths that have no way of actually helping you achieve your goals.
Be Great,
Grant Cardone.Â
Disclaimer
Disclaimer: This content is intended to be used for educational and informational purposes only. Before investing, you should always do your own analysis based on your own financial and personal circumstances before making any investment. Grant Cardone is an industry expert who has been investing for over 30 years and his opinion is based solely on his own personal experience and circumstances. Individual results may vary. You should perform your own due diligence and seek the advice from a professional to verify any information on our website or materials that you are relying upon if you choose to make an investment. Investment involves great risk and there is no guarantee of performance or results.We are not attorneys, investment advisers, accountants, tax professionals or financial advisers and any of the content presented should not be taken as professional advice. We recommend seeking the advice of a financial professional before you invest, and we accept no liability whatsoever for any loss or damage you may incur.
