This is an extremely complex subject, but to summarize we can give you a very simple answer to the question:
What are the most important factors to the growth of my wealth?
The greatest factor is diversification!
Diversification is the absolute most important factor in determining the performance characteristics of your porfolio. When we say “diversification” we mean the use of different asset classes to achieve negative correlation thereby maximizes risk/return characteristics given a certain standard deviation. If you’d like to understand better, we’d be happy to talk to you about it. If you would like to read more about the importance of diversification, we provide you two sources.