Episode 77: Diversifying Your Stock Portfolio as a Canadian

We've all heard the advice about not keeping all your eggs in one basket.

This is the principle that stock diversification is based on: for example, not putting all of your money in one sector, such as financial services. If that sector were to crash, you could lose a lot of your money.

Having a well-diversified portfolio means owning a wide variety of assets, so as to reduce your overall portfolio risk. Having stocks in just a handful of companies would leave you open to the potential for substantial losses. Stock diversification involves investing in a variety of economic market sectors, asset classes and locations.

In today's episode, I talk about how to diversify your portfolio and the importance of doing so.

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Regan Schiller holds his Certified Financial Planner, Registered Retirement Consultant and Certified Life Underwriter designations. He is an Executive Financial Consultant licensed under Investors Group Securities Inc.

Borrowing to invest involves risk and may not be suitable in all situations. Speak to an IG Wealth Management Consultant to see if this strategy is suitable for you.

Mutual funds and investment products and services are offered through Investors Group Financial Services Inc. (in Québec, a Financial Services firm). Additional investment products and brokerage services are offered through Investors Group Securities Inc. (in Québec, a firm in Financial Planning). Investors Group Securities Inc. is a member of the Canadian Investor Protection Fund. Commissions, fees and expenses may be associated with mutual fund investments. Read the prospectus before investing. Mutual funds are not guaranteed, values change frequently, and past performance may not be repeated.

LIRA regulations vary provincially. For more information on LIRA in your area, please refer to your provincial government's website. Additional information on the Canada Pension Plan and Old Age Security can be found at:

www.canada.ca/en/services/benefits/publicpensions.html.

Music courtesy of LesFM: https://lesfm.net.