Page 7 - What is the Squad List?

Going back to my portfolio, I want diversity – so I don’t want all my eggs in one basket. I want diversity – so I don’t want all my eggs in one basket.
Imagine a roof with pillars supporting it; you want more than a couple of pillars holding that roof up. You want to build a portfolio that’s robust, so even if market conditions change, the roof doesn’t collapse.
A big problem that I often see is people piling more and more money into something that’s previously done well for them, without any thought about what the future might bring.
They’ve got no diversity – just one big pillar. Life can become very stressful if markets change and that pillar starts to wobble.
Don’t get me wrong; I would not have an issue with having more money in an area I’m more familiar with; it’s only natural. But it does not make sense to have ALL your eggs in one basket.
Some things have been really kind to me (such as property), but I was once told, “Never fall in love with anything that can’t love you back.” Although I’ve made some great returns from property, that was in the past, and I’m investing for the future. Which is why I’m particularly interested in commodities.
I should also add that I want to invest without getting too stressed by what’s happening in the markets – something I can do NOTHING about.
That’s why I like to focus on things that I CAN control! One reason I use my Squad List. I CAN control how I build my portfolio.
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