Are you putting all of your eggs in one basket?

• Do you have all of your money in the stock market?

• Do you have all of your money in your savings account?

• Do you have all of your money in fixed-income investments?

If you answered "yes" to any of these questions, doctor, you are seriously endangering your financial health. A smart financial plan starts with diversification - allocating your assets among several investment classes. For example, after gauging your risk tolerance you should distribute your savings among high-risk investments such as stocks, low-risk investments such as bonds, and liquid investment such as money market accounts. Diversity is key to protecting your savings.