Of course. If adding a completely new investment to your portfolio increases its General risk and lowers its envisioned return (without lowering the risk appropriately), it does not serve the objectives of diversification.
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Despite your goal, your time and effort horizon, or your risk tolerance, a diversified portfolio is the inspiration of any wise investment system.
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Diversification and asset allocation strategies don't be certain income or defend against reduction. Investments in securities and also other instruments contain risk and is not going to generally be successful.
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This is often very true When the securities or assets held are not carefully correlated with each other. Mathematically, diversification decreases the portfolio's overall risk without sacrificing its anticipated return.
Index funds frequently occur with read this article reduced charges, which is yet another bonus. It means extra money in your pocket. The management and working fees are negligible due to what it takes to run these funds.
This isn't a great formula — you'll want to tailor your portfolio to suit your financial circumstance and risk tolerance — but it is a superior place to begin.