We prefer and suggest a diversified portfolio because of the various risks. Although many on this platform are bitcoin maximalists, the world has not caught up yet.

Hard assets like real estate, precious metals (physical), and bitcoin are an example of being diversified. Having 10 mutual funds, is not diversified. Stores of every day goods are important for financial emergencies and can be considered an investment or insurance.

One rule of investing that we follow is: never invest in anything you cannot explain to another person, and, the percentage of your portfolio that you allocate to a certain investment should be the percentage you can confidently explain it to another person.