It’s all about the diversity! I wish I knew the importance of diversified investments when I started investing on Zolio. Everything started out fine when I made my first Zolio investment in the financial industry. A few weeks ago, the sector was very stable and everything seems to be going on an upward curve. However, we can never expect the market to be predictable nor always profitable. Reflecting back on my trading strategy for the past few weeks I have realized that I have not been diversifying my trades enough. Due to my trades being in the same sector, I lost a lot when the value of the financial sector went down.
At this point, all of the trades that I hoped to be short term are becoming long-term investments as I am waiting for the right time for the stocks to rise in value to sell them. As a way to improve my investment strategy and broaden my financial knowledge I have began to invest a lot more time on Zolio’s learning platform in addition to reading the Business Section of the New York Times. Hopefully I will see change soon!