Why do financial advisors tell their clients not to "put all your eggs in one basket"?

Question

Social Studies

Rose Coffey

15 August, 15:06

Why do financial advisors tell their clients not to "put all your eggs in one basket"?

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Clare Good · Answer 1

They tell their clients not to pull all their eggs in one basket because it means that one should not concentrate all efforts and resources in one area as one could lose everything. They don't want their clients to risk it all.