What is diversification and why is it most important for long term returns?

Nobody likes to lose money (Like I just very likely did on Kuetzal). I particularly dislike losing money. If you invest however, you're bound to lose money at some point.

It's inevitable. You will lose money. Accept it.

I'm trying my best to embrace loss, despite my utter dislike for it. To avoid loss at all costs means to avoid wins too.

January 2020 update: 4,775 € loss

Oh no.

I've been dreading to write this update.

If you haven't heard, Kuetzal platform has collapsed and most of the details point towards fraud. There are those who are convinced that most of the projects didn't exist in the first place, if any.

I honestly don't know what to make of all this, but I have now accepted that I've lost 6k €. With my current passive income, that's about four months. But I feel I deserve it. I was greedy. I let my fear of missing out cloud my judgement. I jumped on the bandwagon. I was the dumb money. 🤷‍♂️

Fuck.