Augusta
VIP Contributor
Nothing beats having different sources of income, you can also do this for your passive income. Although some people experience passive income from a single source, but the truth still remains that most success comes from a diversified portfolio. You need to try out other avenues
This is because a single income stream is vulnerable to high level of risks. So you need to diversify because of the following reasons
changes in the market: Some markets fail at a point. So you are not certain about the market you have invested in
changing industry trends: The trends in the industry can change which can affect you and your investment
Shifts in competition; Another is competition that can arise to kill your investment company
Rugulatory changes or lawa can come in to affect the company you have invested in.
This is because a single income stream is vulnerable to high level of risks. So you need to diversify because of the following reasons
changes in the market: Some markets fail at a point. So you are not certain about the market you have invested in
changing industry trends: The trends in the industry can change which can affect you and your investment
Shifts in competition; Another is competition that can arise to kill your investment company
Rugulatory changes or lawa can come in to affect the company you have invested in.