10-15-2013, 02:37 PM
Thanks for the reply Alex.
I can see where the number of positions could make it a bit dizzying. I decided to go with 50 positions after reading a few books, primarily The Single Best Investment, which said that for proper diversification and spreading of risk that 30-50 positions were desirable. I've had no problem finding enough companies to fill those slots, in fact there are still a handful of stocks that I would like to own but don't have room for.
One thing I really like about have the 50 stocks in my portfolio is that I always have a buy list available when new funds are available. With my monthly contributions I am purchasing a stock roughly every two months. Since I follow the stocks in the portfolio pretty closely, I always have a handful of stocks on hand that I can purchase on a pull back to dollar cost average as I build my positions.
It is interesting to see the large difference between our holdings. Of your list, O is the only stock I own.
Different strokes for different folks I guess, especially as we are at different stages in our investing!
I can see where the number of positions could make it a bit dizzying. I decided to go with 50 positions after reading a few books, primarily The Single Best Investment, which said that for proper diversification and spreading of risk that 30-50 positions were desirable. I've had no problem finding enough companies to fill those slots, in fact there are still a handful of stocks that I would like to own but don't have room for.
One thing I really like about have the 50 stocks in my portfolio is that I always have a buy list available when new funds are available. With my monthly contributions I am purchasing a stock roughly every two months. Since I follow the stocks in the portfolio pretty closely, I always have a handful of stocks on hand that I can purchase on a pull back to dollar cost average as I build my positions.
It is interesting to see the large difference between our holdings. Of your list, O is the only stock I own.
Different strokes for different folks I guess, especially as we are at different stages in our investing!