The practice of owning too many securities or investments such that a portfolio starts to look very similar to the broad market and has no sense of direction.
Also known as Overdiversification.
The above term is taken from The Steadyhand Dictionary, which is a collection of investing terms and colloquialisms. Some are widely used, some aren’t used enough, and some are seen only in Steadyhand publications. Many are misunderstood. A high level grasp of these terms will help make you a better investor, not to mention a stirring conversationalist.