Remember to keep your investments diversified.
Savvy investors know that the key to a strong portfolio is diversification. You want to have a basket of different investments. A balanced portfolio offsets losses in one investment instrument with gains in another.
Here's a hypothetical optimal investment plan. Put:
- 30% in regular Lotto (Pick 6 or equivalent; lump sum payout only, not annuitized payout.)
- 20% in Take 5 and/or Pick 10 (or equivalents).
- 15% in Powerball/Mega Millions (or state equivalent)
- 15% in daily state-run numbers game (good way of accruing cash flow)
- 10% in scratch-offs (from $2 cards on up – you can determine which ones offer the best risk-reward ratio.)
- 6% in miscellaneous investment vehicles – horse racing, football pools, casino gambling, etc. You call it!
- 4% in stock brokerage accounts – stocks, bonds and other high risk investments. (Note: This is the speculative portion of your portfolio. Who knows? Maybe your broker knows something after all. . . why not roll the dice?)
No comments:
Post a Comment