By Vic Lederman
Editor's note: One "basket" of stocks has nearly doubled the return of the S&P 500 Index this year. But according to Vic Lederman, the editorial director of our corporate affiliate Chaikin Analytics, investing in just one basket isn't a good way to generate consistent, long-term returns.
So in today's Weekend Edition, we're taking a break from our usual fare to share one of Vic's essays, recently published in the free Chaikin PowerFeed e-letter. In it, Vic explains why serious financial pain could be in store for investors who use a one-basket approach.
Huckster Jordan Belfort made a fortune selling "pink sheet" penny stocks to unsuspecting investors...
You've probably heard of Belfort before. Leonardo DiCaprio portrays him in the hit movie The Wolf of Wall Street.
Belfort thought he had the system beat. But he made one fatal mistake...
His contingency plan was to store most of his ill-gotten wealth in Switzerland.