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Money Saving
Importance of Diversifying Your Savings Geographically.
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[QUOTE="Shaf, post: 239250, member: 25467"] Seasoned investors know that one of the greatest risks in business is having only one choice with no diversification. Recently, there was a protest in a certain part of my country, Nigeria which eventually led to burning, looting and destruction of a lot of businesses. For anyone who was affected without an alternative, that would probably spell doom and long periods of pain. As soon as one can do so, it's good to have different locations for a physical business, and to ensure that they are properly insured. This you can have an alternative sour e of income if something bad happens to one. Alternatively, it would even be better to have different choices, not just the same type of business in different locations. [/QUOTE]
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Importance of Diversifying Your Savings Geographically.
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