The 'biggest danger' to a young person isn't a risky portfolio or potential market drop, says ramit
investing
"Investing in only one category is dangerous over the long term. This is where the all-important concept of asset allocation comes into play," Sethi wrote in his book."Remember it like this: Diversification is D for going deep into a category , and asset allocation is A for going across all categories ."
"In other words, by diversifying your investments across different asset classes , you can control the risk in your portfolio — and therefore, control how much money, on average, you'll lose due to volatility," Sethi wrote.
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