Owning eight funds is not diversification if six of them hold the same ten companies.

Diversification removes the risk of one company failing. It cannot remove the risk of markets falling.

SIPC, FSCS and CIPF all cover a failed firm. None of them cover a falling share price.

Holding your employer's shares means one bad quarter can take your salary and your savings together.

Read the full guide

pennyandplan.com