Should I diversify my portfolio?
This question is VERY Common, and the answer is always:"Yes" , BUT, here is a better question:
Q:" How many stocks,crypto I should buy if I want to diverse my portfolio?"
A:" Minimum 3, maximum 8"
Reason for this is very simple, If you buy 3 stocks, 2 stocks go down and 1 will go up, which mean my money will not lose as much.
If you buy too many stocks, then you won't grow your money fast. Which means you need to wait for a longer time.