Should You Diversify Your Portfolio?
Dan Lok Show
Dan Lok
4.9 • 825 Ratings
🗓️ 5 June 2020
⏱️ 5 minutes
🧾️ Download transcript
Summary
One of the biggest questions Dan Lok gets asked when it comes to investing is, ”Should you diversify your portfolio?” If you want to become a successful investor, this answer is a must to know, so in today’s episode, Dan Lok is sharing his best-kept strategies and facts on that matter and exactly how to go about it.
Transcript
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| 0:00.0 | What do I have to say about diversifying your portfolio or diversifying your focus. |
| 0:21.6 | So it's actually very simple. |
| 0:23.6 | I believe focus before you diversify. |
| 0:26.6 | Doesn't matter what is that you do. |
| 0:28.6 | So in the beginning, you wanna find out |
| 0:30.6 | what personally, what your skill sets are, |
| 0:34.6 | what your natural talents are, |
| 0:36.6 | and focus all your energy into developing that and mastering |
| 0:40.7 | that first. Focus. Once you do that, then you can try to do something else. But before you do |
| 0:47.2 | that, if you try to do too many things at the same time, you've heard of the saying, right? |
| 0:51.5 | Jack of all trades, master of none. |
| 0:54.4 | So let's say when it comes to a skill set in the beginning, |
| 0:57.6 | I only focus on one skill set, |
| 0:59.5 | and once I believe I have gotten a pretty good hang |
| 1:02.7 | of that skill set, then I developed a Nick skill set, |
| 1:05.5 | stacking on the first skill set that I have. |
| 1:08.0 | And the first skill set that I focus on developing |
| 1:11.0 | was copywriting how to write campaigns |
| 1:13.8 | and sales letters and sales messages. |
| 1:16.1 | Then later on I stack on the second skill, |
| 1:18.7 | which then it's consulting, right? |
| 1:21.1 | I stack on that skill. |
... |
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