Meaning of the word "put all your eggs in one basket" in English

What does "put all your eggs in one basket" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

put all your eggs in one basket

US /pʊt ɔl jʊər ɛɡz ɪn wʌn ˈbæskɪt/
UK /pʊt ɔːl jɔːr ɛɡz ɪn wʌn ˈbɑːskɪt/
"put all your eggs in one basket" picture

Idiom

to risk everything you have on the success of one thing

Example:
It's risky to put all your eggs in one basket by investing all your savings in a single stock.
She decided not to put all her eggs in one basket and applied to several universities.