Shannon Zimmerman, lead adviser of Duke Street, adds that ETFs can be a good way to diversify your portfolio.

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One way to do so is to diversify your investment portfolio so that it includes a reasonable amount of growth and income producing assets to balance your investments among high-, medium- and low-risk investments.

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One way to protect yourself from that is to further diversify a part of your portfolio into foreign stocks and bonds and perhaps alternative investments like real estate and commodities that tend to do well in inflation.

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