Many people have a misconception, which is diversification. Not putting all your eggs in one basket is the wealthy person's approach. The ordinary person's approach is to gather all funds into one basket to grow their wealth quickly. Only after you have a certain amount of wealth should you diversify and allocate to bonds, gold, etc. Strictly speaking, if you don't have 5 million, you shouldn't diversify at all. To be precise, there's no need to diversify if you have less than 10 million. Bonds yield an annualized return of 3%, so with 10 million, you only get around 300,000.