Q. Peggy, I have always heard that I should diversify my investment portfolio, but I’m not completely sure what that means.

A. Most simply, diversifying a portfolio means purchasing multiple kinds of investments that respond differently to the same event. However, before you buy anything, you need to determine your risk tolerance. Many variables impact your risk tolerance, like time horizon, growth requirement, market experience, and other characteristics. Your risk tolerance can range from aggressive to conservative,...

READ MORE