About me - Richard Ruscitto

About me

Featured article by Richard Ruscitto

Personal Finance > Stock Market Diversifying your risk in the stock market

Imagine for a second that our economy is slowing. Inflation is high, unemployment is rising, and the value of the dollar is not holding up as well as it should (This shouldn't be too difficult to imagine). A stock like General Motors (GM) may not be doing so well because nobody is buying cars due to various economic uncertainties. But you own General Motors because you think it is a company that will deliver substantial gains over the long-term. So to counteract the temporarily declining value of GM, you also own Heinz (HNZ). You own Heinz because they are a solid company that gains most o...

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