Who says it isn’t right to go ahead and expand your investment portfolio? Well, the truth here is that as long as you can manage to take new ETFs, you need not to be afraid. However, before doing so, you have to first evaluate your previous investment. Did it turn out successful? Can you manage to take on a new one? Is this the best time for an additional investment? If you say yes to these questions, more or less, you are ready to take on another challenge.
Successful investors out there do not just invest on a single entity. As much as possible, they want to make their investments diverse. The instant effect of this is that you can rely on a lot of things for income. Since you cannot expect copper ETF for instance to be on the rise, at least you can rely on other investments such as gold or oil. This can also be of good effect if things turn otherwise. Say for instance, the value of copper dropped down drastically. Even if you have lots of losses with copper, you might gain with gold and oil still.
The diversity of your portfolio allows you to still stay on track even if one of your investments has gone down to the rocks. It will also keep you motivated since you know that even if the other investments are already falling, you still have the others as your saving grace.
To end, you have to remember that as you open more investments, you need to do more. You need to do more researches and find better strategies to do better. It also helps if you know how to balance your time in all these investments.
You can choose from lots of ETFs, and you will always find a lot to fit you. Copper ETF for one is a good investment, go for copper ETF and not copper bullion.