"Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth." (Ecclesiastes 11:2).
"Don't put all your eggs in one basket."
Diversification in investing means different types of instruments (bond, stocks) and different groups (general obligation, zero coupon, healthcare sector, financial sector, etc.).
One of the most secure investments is in government bonds. There are E bonds, EE bonds, and I bonds. I own an I bond purchased in the fall of 2001 which matures in 2031 and is currently paying 5.46%.
I heard but have not confirmed that the government is lowering the amount of $ one can invest in savings bonds each year. I think the limit was $30,000 per social security number per year in I bonds. They have lowered the amount to $5,000 per year?
I do not understand the reasoning? I will pursue clarification on the matter and let you know if this report is not correct.
'til later
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