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That's great. You would think it would be common. SA seems to be the dominant forum left standing. They are very diverse. There are a few YouTube creators with a large DGI following. I watch a few of those channels.
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dividends make it easy, less overall thought, but can make an investor lazy and not see the full picture, capital appreciation. what good is a dividend if the original principal (investment) is being slowly decayed away?? when does the investor say enough is enough??
a while back my kplan had mutual funds that paid out dividends/short&long term capital gains which well--made me sit back and do nothing--then they went to ETF's, no dividends...no short&long term capital gain payouts!! the solution?? take profit once or twice a year, sit on the sidelines with those gains in cash within the kplan and re-deploy in the market in opportune times such as we're having now. if the ETF won't pay it out then i'll take it out.
which brings me to stocks that don't pay dividends, you can make your own dividend by taking an "x" amount a year or every quarter.
of course one has to assume the differences between tax deferred and taxable accounts
as far as # of investments to own--some of us and myself included have gotten a little crazy at times
i've been consolidating my investments--it's a slow process
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Ray,
It took me a year to get from 50 tickers to very low 20s. I told myself I will trim a minimum of one per month, and if I was tempted to add a new ticket then two need to go within a week or two. I now only have a couple stocks I would be hesitant to make a five year commitment to.
I can see myself with 25 stocks someday but the entry threshold is higher now.
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I have always subscribed to this quote
"Even relatively safe investments entail some probability, however small, of downside risk.
The deleterious effects of such improbable events can best be mitigated through prudent diversification.
The number of securities that should be owned to reduce portfolio risk to an acceptable level is not great;
as few as ten to fifteen different holdings usually suffice. Diversification for its own sake is not sensible.
This is the index fund mentality: if you can’t beat the market, be the market".
- Seth Klarman (Margin of Safety)
For those interested in the publication, I believe I posted an online link a while back under resources.
I highly recommend the book, it was a very good read.
- Scoot