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While most of us spend a considerable number of years working hard to secure a safe future, it is imperative that we also take prudent investment decisions.
Financial planners are generally all out advising clients to have a diversified portfolio.
And as they say, putting all your eggs in one basket is a bad idea as it would impact ones financial goals.
If one invests 80 per cent of his money in stocks of any one particular sector for a short-term, it would be disastrous if the market crashes taking the stock values to negligible levels.
The infographic below from Allianz Global Investors UK illustrates how putting all your money in one investment may have grim consequences.
