Quotes About Diversification

I do think you are mainly thrown into one medium as an actor, and then hopefully you grow from there.

Many follow a rule of thumb - no more than 5% in one stock. But that's not the entrepreneurial road to riches.

In the old days, you would have one lawyer to handle everything: speeding tickets, buying a house, contracts, litigation, real estate, copyrights, leasing, entertainment, intellectual property, forensic accounting, criminal offenses... the list goes on. Now, you have to have a separate lawyer for each one of those categories!

Eventually I want to subsidize my income with other creative outlets that are going to not keep me tied to the road so much.

Franchises mean that you're tied in. That's a lovely feeling of comfort to the whole thing. From a business perspective, it really keeps you current and lets you go and do other smaller, more pedestrian things.

You shouldn't own common stocks if a 50 per cent decrease in their value in a short period of time would cause you acute distress.

Each thing leapfrogs. I do a Genesis project - like now, we're just finishing off an album - and then by the time the album is doing its thing, I could do nothing or I could do a film.

I believe in diversification of income, because you never know what will happen. I'm a slightly paranoid person who thinks things could be ruined at any time.

I never stopped making pictures. There were times when more of my income was coming from other sources, and I had to devote more time to television and movies and records.

The Simpsons take up so little time that I'm able to do other things as well.

Asset allocation, where to park your money and how to divide it up, is the single most important skill of a successful investor.

diversify across time. And that's what dollar-cost averaging does for you.

We all know that asset allocation is the most important part of our success

Then you need long-term government bonds. Fifteen percent in intermediate term [seven- to ten-year Treasuries] and forty percent in long-term bonds [20- to 25-year Treasuries].

So in my total portfolio, including both my personal and retirement accounts, about 60% of my assets are in stocks, mostly in Vanguard's stock index funds.

20% Wilshire 5000 Total Mkt TR USD 20% FTSE NAREIT All REITs TR 20% MSCI ACWI Ex USA GR USD 15% Barclays US Long Credit TR USD 15% Barclays US Treasury US TIPS TR USD 10% MSCI EM PR USD

Asset allocation is everything!

What dollar-cost averaging really means is systematically putting the same amount of money across your full portfolio—not just the stock portion.

Okay, now you know the players that belong in your allocation buckets, and you know the key to building a winning team: diversify, diversify, diversify!

And, most experts agree, the ultimate diversification tool for individual investors is the low-fee index fund, which gives you the broadest exposure to the largest numbers of securities for the lowest cost.

His best single rant: "maximum diversification, minimal cost, and maximum tax efficiency, low turnover [trading], and low turnover cost, and no sales loads." How

You'll learn more about this in chapter 4.1 on asset allocation, but for now, just know that if real estate's mantra is "Location! Location! Location!" then the mantra for getting better returns while reducing risk is "Diversification! Diversification! Diversification!" Effective diversification not only reduces your risk but also offers you the opportunity to maximize your returns.

Asset allocation, where to park your money and how to divide it up, is the single most important skill of a successful investor. And as we will learn from the masters, it's not that complicated! Low-cost TDFs might be great for the average investor, but you are not average if you are reading this book!

There are six that I think are really important and they are US stocks, US Treasury bonds, US Treasury inflation-protected securities [TIPS], foreign developed equities, foreign emerging-market equities, and real estate investment trusts [REITs].