Imagine you've had some luck and suddenly you have $1,000,000 in savings. Awesome right?! Unless you had more than that already, than it kind of sucks. Let's assume you didn't have that million yet ;-)
You decide to take one day to think about how you want to invest that $1,000,000 into different assets, all with their own risk profile. Let's assume you can only choose: cash, real estate, gold/silver, stocks and crypto. At the end of the day you've made up your mind and put things in motion to create the (un)diversified portfolio you feel most comfortable with.
What would that portfolio look like if you know you cannot change/sell for 1 year? Do you prefer to have everything at the bank in cash like the way it is now? Everything in cryptocurrencies? Pick one of the scenarios below or come up with your own diversification :-)
Some examples
Please let me know how you would diversify your wealth and explain why :-)
There is a bounty on this post (see the comment section) for the most insightful answers/thoughts in the comments :-)
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Disclaimer: I am not a financial advisor, trader or developer. I am just a blockchain & cryptocurrencies enthusiast. Make sure you do your own research, draw your own conclusions and do not invest any money that you cannot afford to lose.