Many financial advisors recommend that you diversify for your own protection. What they fail to tell you is that it is also for their protection. Since most financial advisors cannot tell you exactly which stock or mutual fund is a great investment, they tell you to buy a bunch of them.

Robert Kiyosaki

Robert Kiyosaki

Advisor Also Bunch Buy Cannot Exactly Fail Financial Fund Great Investment Many Most Mutual Own Protection Recommend Since Stock Tell Them Which You Your

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If you don't like the idea that most of the money spent on lottery tickets supports government programs, you should know that most of the earnings from mutual funds support investment advisors' and mutual fund managers' retirement.

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To make the most of your money, I recommend sticking with mutual funds that don't charge a commission when you buy or sell.

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There may be less of a chance of losing all the money you put into a mutual fund than there is of losing all the money you put into lottery tickets, but you're never going to win big in a mutual fund.

— Robert Kiyosaki