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Why you shouldn’t follow this common piece of investing advice

By Emmie Martin

Why? “It’s not very diversified,” he tells CNBC Make It.

Nick Holeman, a certified financial planner at Betterment, agrees. Holeman explains that an index fund can be thought of as a benchmark for a certain type of investment. In this case, the S&P 500 follows the largest 500 companies in the United States.

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This article originally published April 19th, 2018 on CNBC