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Originally Posted by VaCollector
A large portion of my nest egg is in "one basket" with a dividend producing bank stock
(Bank of America - currently 4+% div'ds) that has grown nicely over the last several years....
but I have garnered from reading here that I should diversify, right?....OK....I tend to
agree....but it's hard to look success in the face and send it down the road! Advice please....
maybe an educational book or two?
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Val, you'll have some reading to do to show you why you should do this, but before you get to that there is an old saw about investing: if you want to get rich you should concentrate your portfolio in hated sectors trading on the cheap; if you want to stay rich you shoudl diversify as widely as possible. You are transitioning into the part of your life where you are trying to stay wealthy, so you should invest accordingly.
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"And Jesus spake, 'Become thou now fishers of adjustable rate mortgages'" - New Conservative Bible
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