Everyone talks about diversification, but how diverse do you really need to be? Can you just invest in one fund? Pensioncraft's Ramin Nakisa is personal finance YouTube royalty in the UK. Ramin walks us through some of the major assets classes, and their pros and cons - but also why one investment might just be enough for you to beat most professional investors, forever. This episode was recorded in July 2023 so some information may have changed since then. 🤝 Want 1:1 money help from us? Answer a few questions to find the right service & book free call: https://getmost.typeform.com/pod-episodes 📈 Investment platforms we use: Trading 212 Watch this video where Damo explains how to get the most from Trading 212: https://youtu.be/BVVZhrM0LVQ You can get free fractional shares worth up to £100 when you deposit £1 through this link (terms apply): https://www.trading212.com/promocodes/MM Or use the code ‘MM’. Vanguard Minimum investment of £500 or £100/month https://www.vanguardinvestor.co.uk/ If you purchase a product or service using one of these links, we will receive a small commission from the seller. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. 🎉 Sponsors: Sensate: Get help with your anxiety & 10% off with the code MM10: https://www.getsensate.com/makingmoney Manual: Get help with your hair loss and use the code MM55 to get 55% off. ✉️ Newsletter: If you want a summary from this episode in an easy format, please subscribe to our newsletter: https://makingmoney.email/S2E1 Disclaimer: This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. Chapters: 00:00-00:46 - Introduction 00:46-06:40 - Why professional investors fail 06:40-11:29 - How to do it cheaper and better than the professionals 11:29-14:07 Global or S&P 500? 14:07-15:03 - Manual ad 15:03-21:45 - How many funds should you have in your portfolio? 21:45-25:45 - Why bonds are sexy (now) 25:45-30:36 - Gold and cryptocurrency 30:36-31:46 - Sensate ad 31:46-38:34 - How to buy bonds 38:34-44:25 - Holding property in your ISA via REITs 44:25-49:14 - De-risking 49:14-57:37 - Why Ramin left his job to start a Youtube channel 57:37-57:49 - Watch this video next