These investing rules have been around for uttered so many times by so many influential people that they are almost sacrosanct. But, it might be in your best interests to break them if you want to get ahead in the market.

1. Don’t Put all your eggs into one basket

When you first ventured into the world of investing, one of the most common investing rules given to you would probably have been to diversify your portfolio.

“Don’t put all your eggs into one basket. Invest in a variety of stocks from different industries.”

The reasoning behind this adage is logical and simple.

Putting your entire financial war chest into one stock is foolhardy. If your choice suffers an unexpected black swan event, your investment is decimated.

Besides idiosyncratic risk, or risk that is specific to a certain company, there is also sectoral risk. For example, if you had ploughed ...