Diversification is the key in buying stocks

HLPA
2022-08-30

I am quite concerned when I read in many comments to just buy stocks in one sector like the banks. Yes banks are great stocks to own. However, when inbesting, you need to find good stocks in other sectors like oil and gas, property, utility, etc. This is because not all stocks rise or fall at the same time. We need to cushion our portfolio with stocks from various sectors. One good advice is to buy blue chips in the STRAITS TIMES INDEX like the 3 banks, City Development, Keppel Corporation, Thai Beverage, Genting, SIA, all of which I have. Check the whole list of stocks in this link 

https://images.app.goo.gl/kCeDmxhL7PQPNcxr8

Happy investing!

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Comments

  • GoodLife99
    2022-08-30
    GoodLife99
    when have bigger amount only able to diversify properly...meaning you have a big budget to play [Like]
    • HLPA: 
      not true. you can buy 100 each time price dips. dollar cost averaging is a good strategy for blue chips
  • Derrickola
    2022-08-30
    Derrickola
    diversification is for donkey by chicken genius
  • Heistheone
    2022-08-30
    Heistheone
    Absolutely[Smile]
  • ARG
    2022-08-30
    ARG
    👍👍👍😊
  • Shirou
    2022-08-30
    Shirou
    Ok
  • Go92
    2022-08-30
    Go92
    yes
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