When my Brother in law was about 55, he had his whole retirement in xerox, he worked there his whole career.
Not meaning to kick a guy when he is down but not diversifying OR not buying companies that are diversified can be dangerous. Think BlackBerry. A diversified portfolio can withstand a lot of blows but there is no denying that a major correction would not be good. My grandfather was caught in the crash of 1929 and lost all of his investments. That's why my mother and her two sisters never went to college. I think it is interesting that according to Wikipedia, the '29 stock market crash lost the equivalent of $396 billion today. Business Insider claims the current drop erased $6 trillion in wealth. Amazing how the market has grown ASSUMING that all figures are accurate.
"We live in a time when intelligent people are being silenced so that stupid people won't be offended".
