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Financing an investment property takes more cash than a regular mortgage in many cases, as you have to put down a larger down payment and budget for additional landlord-related expenses. Want to know what a financial planner can do for you? Check out Personal Finance Insider's free e-book » One of the most important concepts I learned about in portfolio management is diversification. A diverse portfolio can help reduce your overall risk when set up correctly. For a portfolio of stocks, for example, it's important to not only buy multiple companies, but also to diversify across industries and market segments. That way, if one part of the economy experiences bad results, your entire portfolio won't be impacted.
I'm guessing you weren't around in 2008
Remember when everyone had this same game plan during the 2008 crash? Enjoy.
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