If You Can Understand Diversification, Everything Else Starts to Make Sense (Part 2)

Most investors agree that not putting all your eggs in one basket is smart, but the financial industry can make that hard to do. Paul continues teaching about diversification from an academic perspective and explains how fund companies distract investors by focusing on the track record of their best funds instead of coaching them through market fluctuations and helping them diversify their assets to areas of the market that have had the highest historic returns. Later in the episode, Paul talks about a listener who felt like they needed to keep their guard up at their bank to keep from getting offered an annuity product. 

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