View Single Post
  #22 (permalink)  
Old 07-07-2006, 05:22 AM
The Budget Man's Avatar
The Budget Man The Budget Man is offline
$ Saving HS Senior
 
Join Date: Jun 2006
Posts: 239
Points: 2868.50
Donate
Default Re: Does it take luck to become a millionaire?

Quote:
Originally Posted by akaivyleaf
The S& P is diverse. It is comprised of 500 stocks from different sectors. So investing in the S$P500 is picking 500 distinct stocks. What are sectors? Technology, pharmeceuticals, oil, etc.



It's interesting that people are talking about having a diversified investment strategy and then discussing the different types of shares on the share market.

As well as shares ther is property and savings.

Being diversified can also include investing in your own assets and having only managable debt levels.

For me, being able to survive if any section of my investments goes bad is a key.

Enjoy your money
The Budget Man

www.PersonalityBudgeting.com
For when you want the freedom of enjoying your money
Reply With Quote