I agree with Alex, "diversification is way over rated" and I'd add that it can cause more problems than it will solves.
Find good companies and stick with them. One could get sufficient diversification with only four or five stocks. Would I worry or not sleep nights if I only owned lots of shares of JNJ, KO, ENB and BNS just to name a few and no others, not likely. I would happily live off the growing dividends they would generate.
If you only wanted four, which would you choose?
Find good companies and stick with them. One could get sufficient diversification with only four or five stocks. Would I worry or not sleep nights if I only owned lots of shares of JNJ, KO, ENB and BNS just to name a few and no others, not likely. I would happily live off the growing dividends they would generate.
If you only wanted four, which would you choose?