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When it comes to income… diversify, diversify, diversify

Income diversification. I learned the meaning of this term early in my career in financial services. At that time, the definition that was most relevant for me was this one… “A risk management technique that mixes a wide variety of investments within a portfolio. The rationale behind this technique contends that a portfolio of different kinds of investments will, on average, yield higher returns and pose a lower risk than any individual investment found within the portfolio.”Continue reading