Consider International Investments

Investing in international markets can provide additional diversification benefits. Different economies may perform differently at various times, offering potential opportunities for better returns and risk reduction. However, international investing also comes with additional risks, such as currency risk and geopolitical risk, which should be considered.

Use Mutual Funds and ETFs

Mutual funds and Exchange-Traded Funds (ETFs) are excellent tools for diversification. They allow you to own a small portion of many different assets, providing instant diversification, even with a small amount of investment. They also offer professional management, which can be beneficial for investors who lack the time or expertise to manage their own portfolios.