Which is why you need to think about diversification like owning a zoo. In a zoo you are not going to have 80 lions and nothing else. You are going to want a diverse amount of animals so that if one is not feeling well you can utilize other animals to balance out your zoo. Having diversification among animals and types of animals creates a draw and a natural give and take among the zoo.
So you need to collect different type of animals and diversify your zoo experience. The same can be said for a business owner or a financial advisor. The more diverse your exhibit the better and more attractive for yourbusiness. Diverisfication is a good thing both in the investment and the business world. You need to think of each client or investment as an exhibit for the goal you are trying to accomplish.
So how are you diversified? D you have one exhibit with many animals or are your spread too thin and not enough animals in your exhibits to make them worthwhile. This is where strategy comes in. A laid out strategy plan and an execution process of how you are going to do it is important. You start with one animal. Then you ad another, and maybe a coule more. Then you pair up the animals so that they sustain themsleves naturally and you might get three or four pairs so they can keep doing that. Once that is accomplihed you then attempt to get toher animals and keep expanding your exhibits and your zoo. Every once in a while you need to sell some animals or donate them to other zoos to make your zoo more healthy and effecive and efficient. This would be clled rebalancing and re optimization depending on how how often you do it.
While I use the zoo analogy really think of it like a wild animal park where eveyrone roams freely but you have several distinct exhbits all contributing to the success of your investment ecosystem. So let your assets, hour customers roam but make sure you put them together in an efficient manner that allows you to utilize them in a way that will help you as well. You need to nurture them but you also need to be smart about working with them as well. Do you have the right strategy?