AboutBruce Julien Expertise I can answer questions on and raise issues clients overlook in the areas of Estate Planning as far as taxes and distribution flow problems, Asset Management as far as appropriateness of assets and allocations for a desired goal and the value a consumer gets for their costs, Tax Planning related to Income and Estates, and Insurance/Annuity questions particularly in light of suitability to the consumer.
Experience I became a CPA in 1991 and began offering financial advice in 1992. I am a Registered Investment Advisor which means I sign off on putting clients' interests first in a fiduciary role.
Education/Credentials BA in Accounting, University of Maryland 1990
Question i believes that investing Rs.1 million in each of the 10 different textile businesses would effectively minimize the risk of loss. in my opinion loss in one would be off set by gain in the other textile business, and at the end of the day i would be benefiting from investment. what do u say abouit it sir
Answer Strider
No opinion on the validity of your strategy except to comment that diversification is generally a prudent idea. Whether "each of the 10 different textile businesses" is diverse enough for your goals is beyond this forum. I doubt it would absolutely prevent you from loss as very few investments do that.
