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Diversifying Vs. Investing in a Single Asset or Business
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[QUOTE="Etini, post: 274269, member: 90141"] I believe in multiple streams of income. Apple Inc as you mentioned is practicing multiple streams of income. They don't sell one product. They have iPhones, apple laptops, Mac Os, and a plethora of other products. Diversifying your income doesn't mean you should jump about from niche to niche. It means that your revenue should come from more than a single source. Why I believe in multiple streams of income is that it would allow you to have another source working for you if one source fails or has challenges. Imagine, Apple Inc can't sell iPhones for say a year The company won't come crashing down because they can sustain themselves from their other products. So a farmer like me can diversify by having an investment in crops and another one in livestock. If something happens to the livestock market, my ga would still be afloat because I would b still be in business with my crops. [/QUOTE]
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