Is diversification a lie?

We hear so much about diversification when it comes to building a good portfolio. In reality, sometimes it's better not to diversify. In today's video, we're going to talk about the cons of diversification and why it's okay to take some risks when you're in the accumulation phase of your wealth building journey.

In today's world, financial planners have become so terrified of losing money that they don't actually put us in the best position for success.

Because of this, I recommend picking 3-4 things and watching them closely rather than trying to tackle every investment that comes your way. This way, you can focus and make sure that perform well.

Even the most successful investors throughout history have viewed the investing game as one of probability. They try to put most of their eggs in the basket with the highest chance of success.