- Diversification is hardly magic–but it’s an effective portfolio tool
- One way you can diversify your portfolio is by purchasing different types of assets
This may shock you. But Harry Potter fans should consider investing like Voldemort.
We have a feeling He-Who-Must-Not-Be-Named might have been a primo investor. Okay, bear with us. We can already hear your fingers furiously typing your retaliatory comments, but here’s why we think you should consider our point of view.
So, Tom Riddle learns that he can tether himself to life with something called a horcrux, right? Instead of just accepting one horcrux as an acceptable place to invest all of his hopes in immortality, he does his research and decides to diversify. And he is thoughtful about where he places those portions of his soul.
After his first horcrux, his diary, Tom Riddle progressed to more meaningful objects, like his mother’s prized ring — and sought out emblems of the founders of each Hogwarts house to complete his immortality diversification attempt. Rounding it out with Nagini.
However, in the end, Voldie may have let his diversification get a little out of hand, creating a horcrux accidentally and investing a portion of his soul in the one living creature that could lead to his demise.
It’s about spreading out your risk. Pretty important when you don’t know what the future holds. Of course, diversification doesn’t guarantee against loss.
Looking at your Stash and see only one investment? Why not #InvestLikeVoldemort, and diversify that portfolio?