As I mentioned above, you should never go truly "all-in" on just one stock, no matter how promising it looks.
As we've seen with recent market drops — being all in on just one stock can be the kiss of death if the market goes bad.
For example, if you put all your money in Snapchat back in November of 2020, you'd have been up 105.5% just 10 months later … awesome right?
Only to be down more than 60% from your purchase price today (and down more than 80% from your peak price)... Not so awesome.
In contrast, if you'd have diversified with SPY, you'd have fared much better.
By diversifying yourself to 25 different stocks across various industries, you spread your risk out.
But, there's a catch to diversification — researching and tracking 25 stocks regularly is incredibly time consuming.
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To prove it, I'll make sure that when you sign up for Stock Advisor today, your membership will be backed by a 30-day 100% membership-fee-back guarantee that allows you to get your money back if you aren't impressed or ultimately decide Stock Advisor isn't right for you!
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