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According to Investopedia, "Diversification is a risk management strategy that creates a mix of various investments within a portfolio. A diversified portfolio contains a mix of distinct asset types and investment vehicles in an attempt to limit exposure to any single asset or risk."<ref>[https://www.investopedia.com/terms/d/diversification.asp Diversification], Investopedia</ref>
According to Investopedia, "Diversification is a risk management strategy that creates a mix of various investments within a portfolio. A diversified portfolio contains a mix of distinct asset types and investment vehicles in an attempt to limit exposure to any single asset or risk."<ref>[https://www.investopedia.com/terms/d/diversification.asp Diversification], Investopedia</ref>
Articles on diversification for investing:
'''Articles on diversification for investing:'''
*[https://www.investopedia.com/terms/d/diversification.asp Diversification], Investopedia
*[https://www.investopedia.com/terms/d/diversification.asp Diversification], Investopedia
*[https://www.investopedia.com/investing/importance-diversification/ The Importance of Diversification], Investopedia
*[https://www.investopedia.com/investing/importance-diversification/ The Importance of Diversification], Investopedia
*[https://www.fool.com/investing/how-to-invest/portfolio-diversification/ Understanding Portfolio Diversification]
== Diversification and personal/business income ==
''See also:'' [[Multiple streams of income]]
[[Multiple streams of income]] is an [[economic]] concept that is applied to either personal or [[business]] use whereby the person or business entity seeks multiple sources for [[income]] that have some level of separateness so that in the event that one stream "dries up", the other sources will continue and prevent a catastrophic situation from occurring.
== Revenue diversification for a business ==
== Revenue diversification for a business ==
Diversification is a risk-reduction strategy for a business involving adding products, services, locations, customers and markets to your business's portfolio.<ref>[https://www.tradecommissioner.gc.ca/guides/spotlight-pleins_feux/spotlight-diversification-pleins-feux-diversification.aspx?lang=eng Spotlight – Market Diversification]</ref>
Diversification is a risk-reduction strategy for a business involving adding products, services, locations, customers and markets to your business's portfolio.<ref>[https://www.tradecommissioner.gc.ca/guides/spotlight-pleins_feux/spotlight-diversification-pleins-feux-diversification.aspx?lang=eng Spotlight – Market Diversification]</ref>
Articles on revenue diversification for a business:
'''Articles on revenue diversification for a business:'''
*[https://web.archive.org/web/20210310022157/https://www.forbes.com/sites/melissahouston/2021/03/04/the-importance-of-revenue-diversification-in-business/?sh=2eb10d712b4e The Importance Of Revenue Diversification In Business], Forbes
*[https://web.archive.org/web/20210310022157/https://www.forbes.com/sites/melissahouston/2021/03/04/the-importance-of-revenue-diversification-in-business/?sh=2eb10d712b4e The Importance Of Revenue Diversification In Business], Forbes