Investment Principals for Entrepreneurs #2
DIVERSIFY AWAY FROM YOUR BUSINESS
When you work in a particular industry it can be easy to get over-invested. You know the current and future economic factors for it, but that doesn’t mean you should only invest there. There are other major sectors of the economy to grow your savings. For example: Health Care, Technology, Utilities, Energy, Consumer Staples, Consumer Discretionary, Financials, Real Estate, Manufacturing, etc. It takes all of them to make a solid portfolio. The results will come in ebbs and flows because no one sector wins every year. Like our moms told us, Don’t put all your eggs into one basket.
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