In practice, I have found many people think they are diversified looking at the surface, but come to find out their investments have very little to no diversification. In this episode, I discuss the benefits of diversifying your investment portfolio and the common myths around diversification. More specifically, I discuss: What does it mean to be truly diversified? What can diversification do for you? What should you expect by diversifying appropriately? Common, real-world examples of "pseudo diversification" What not to do when trying to diversify your investments, and alternative approaches Why alternative investments don't belong in a retiree's investment portfolio Resources mentioned, which you can get at http://retiredishpodcast.com/23: Retired-ish Newsletter Sign-Up Free 4-Step Retirement Analysis for Ages 50+ Ask Cameron A Question!   Key moments in this episode are: 
00:02:10 - Importance of Diversification
 00:04:02 - Benefits of Diversification
 00:07:57 - Understanding Diversification 
00:10:22 - Example of Poor Diversification
 00:16:01 - The Importance of Choosing Cheaper Investments
 00:17:48 - The Pitfalls of Alternative Investments
 00:19:29 - The Role of Stocks in a Portfolio
 00:21:33 - The Risk of Corporate Bonds 
00:23:56 - The Importance of International Diversification
 00:32:16 - International Stocks Underperforming the US 
00:32:37 - Importance of Financial Planning
 00:33:14 - Power of a Financial Plan 
00:33:58 - Dangers of Abandoning Investments 
00:34:31 - Future Episodes on Diversification

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