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Money Saving
Importance of Diversifying Your Savings Geographically.
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[QUOTE="Jasz, post: 239246, member: 61772"] If you’re a business owner, then you probably know that an important part of your job consists of ensuring the financial health of your company. This includes ensuring the security of investments and savings. As the saying goes, "putting all your eggs in one basket" is never a smart idea. But it's still common for investors to keep all of their assets in one place. This can be fine if you're investing in stable economies like the United States, but if you're investing in countries with a less predictable economy—or even if you're investing from within those countries—it may not be enough. During times of economic crisis, this can be extremely difficult to do—especially if all of your investments are located in one region or country. That’s why it’s so important to diversify your savings geographically: when some countries are going through a financial crisis, others may be experiencing a time of prosperity. By spreading out your investments, you can ensure that you can continue to make money even during years where other countries are experiencing a slump in their economy. [/QUOTE]
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