Concentration vs. Diversification | Wisdom, Wealth, and Wellness

Jonathan Satovsky
CFP®, ChFC®, CIMA®, CPWA®, CDFA®, DACFP

Concentration versus diversification. You concentrate to get rich, you diversify to stay rich. This is Jonathan Satovsky of Satovsky Asset Management. On today’s episode of “Seeking Wisdom, Wealth, and Wellness,” I want to talk about how joyful it is to concentrate and get rich, because it is, it absolutely is.

Listen, if you owned technology stocks in 2023, it’s pure heaven. But if you owned technology stocks in 2022, it was hell. If you owned energy in 2022, it was heaven. And in 2023, not so good.

So, you’ve got to understand that what’s amazing at a moment, depends on the magnitude of the roller coaster you want to ride. But if you want to smooth out your path, and have calm confidence, and control the controllables–you diversify. Because you suppress your ego and realize, “I don’t know what’s going to happen tomorrow. I’m not certain.” You can have probabilistic expectations, but certainty, at some point, that lack of hubris is going to come back to bite you.

So, consider diversification in order to calm your nerves and give you the capacity to weather any storm on your path to Wisdom, Wealth, and Wellness.

Have a great day.

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Video Recorded February 5, 2024
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Disclosures

This blog post is not intended to be, nor should it be construed or used as, an offer to sell, or a solicitation or offer to buy any securities or interests in any strategy offered by Satovsky Asset Management, LLC (“SAM”). SAM is a registered investment advisor with the Securities and Exchange Commission – for more information see www.adviserinfo.sec.gov. Please remember that different types of investments involve varying degrees of risk, and that past performance is not indicative of future results. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the strategies recommended or undertaken by SAM) will be profitable. Market index information shown herein is included to show relative market performance for the periods indicated and not as standards of comparison. The market volatility, liquidity and other characteristics of SAM’s portfolio composition are materially different from the securities listed on public market indices. Market index information was compiled from sources that SAM believes to be reliable. No representation of guarantee is made hereby with respect of the accuracy or completeness or such data. Opinions are as of date of video and are subject to change. A copy of SAM’s current written disclosure statement discussing our advisory services and fees continues to remain available for your review upon request. SAM undertakes no duty to update information presented herein.

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