Diversification: Why shouldn’t I put all my eggs in one basket?

Have you ever heard that saying, don't put all your eggs in one basket? This video explains diversification, answering a listener's question about what it really means and how to know if you are truly diversified in your investing and investment portfolio. Learn some personal finance tips and get some great financial advice regarding stocks!

What happens if the company you work for takes a financial hit and you’ve invested all your savings in its stock? Or what if that “sure thing” your coworker swore by suddenly collapses? Far too many investors have learned the hard way that putting all their eggs in one basket leads to disaster.

In this episode, Ralph Estep Jr., financial coach and host of The Financially Confident Christian Podcast, unpacks the truth about diversification—a concept that sounds intimidating but simply means protecting your money by spreading it across different investments. With over 30 years of experience helping people weather financial storms, Ralph brings a unique mix of professional wisdom, personal conviction, and faith-based perspective. He explains why diversification isn’t just financial advice—it’s biblical wisdom for anyone who wants balance, security, and confidence in their financial journey.

Read today's blog article:
https://www.financiallyconfidentchristian.com/blog/diversification-one-basket/
https://financiallyconfidentchristian.com/diversification-eggs-one-basket

Podcast Timestamps:
00:00 What diversification really means
00:39 The danger of relying on one stock
01:31 Client story: losing both job and retirement
02:38 Warren Buffett’s wisdom on diversification
03:30 Balance and moderation in investing
04:18 Mixing assets: stocks, bonds, cash
05:00 Diversifying across company size and geography
06:00 ETFs and funds for built-in diversification
07:30 Diversification reduces but doesn’t eliminate risk
08:30 Ecclesiastes 11:2 and biblical wisdom
09:30 Action step: review and rebalance your portfolio

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The Ask Ralph Media Podcast has been honored as the Best Christian Finance Podcast in the U.S. for 2025 by Best of Best Review. This prestigious award recognizes the show’s unwavering commitment to blending biblical wisdom with practical financial guidance, empowering listeners to make wise money decisions rooted in faith. Through its concise, impactful 10–12 minute episodes, the Ask Ralph Podcast has inspired and equipped audiences nationwide, standing out among countless voices in the finance and faith space.
https://bestofbestreview.com/awards/ask-ralph-media-inc-best-christian-finance-podcast-in-the-u-s-of-2025