Do you know what true diversification means? Will you survive the next financial crisis when your portfolio does not have true diversification to protect it?
Diversification means the action of making or becoming more diverse or varied. Farmers are encouraged to start planning diversification of crops. The logic being if their crop fails then they are spreading their risk against price and seasonal conditions by having two or more different crops.
Plan to avoid the next financial crisis? My guest today, Paul Engeman from Ainslie Bullion, believes that we should be aware of what true diversification for your investing portfolio means and what could happen when you have all your investing eggs in the one basket. Episode 43 on Retire Well Retire Happy podcast show is about showing a way to be truly diversified.
2:00 Introduction to Paul Engeman
3:20 Different viewpoint
4:30 Safe haven assets class
9:40 Gold is an inflation hedge
13:50 Vital to get balance right
16:40 G20 – all governments would enact bal in tactics
17:00 How to buy gold and silver
24:00 Cryptocurrencies from 1/7/2017 no GST applies
30:15 Diversification in truest form
To connect with Paul online
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