You hear it over and over: Diversify! Or put another way, “Don’t put all of your eggs in one basket.” The question is, do you have a diversified portfolio? What does that look like?

Most people don’t have the training to know how to diversify their financial assets and end up investing in a lot of different mutual funds. A lot of times, those mutual funds are so similar that it doesn’t actually mean more diversification but simply means more fees.

On this episode of Cover Your Assets KC you’ll hear David talk about what diversification looks like vs. what people perceive it to be. Then he’ll share some of the strategies he puts in place with his clients to truly diversify their investments.

Listen to the full episode or click the timestamps below to hear a specific segment.

[0:28] – How does the average person define diversification?

[1:53] – What does diversification really look like?

[3:12] – Is it possible to be too diversified?

[5:00] – Three major things most people don’t have a real understanding of.