09-21-2016, 09:15 AM
(09-21-2016, 09:03 AM)DividendGarden Wrote: With 20 years until retirement, your strategy has time to evolve. When I started out, I planned to be concentrated to ~25 companies, but it's evolved over the years. Now, I just buy quality DGI companies that are on sale and I don't worry about how many I have. I want my invested dollars to get me the most bang for the buck, and I'm glad that I've stayed flexible.
I've gotten to where I'm not concerned how many positions I have either. I found that locking in a set amount made me more apt to trade out of positions to buy something I thought was a good value simply because I didn't want to go over my magic number, and as a result I no longer own companies like MMM, INTC, CLX that have gone on to do well after I sold.
So now I pretty much buy whatever I think is best value when cash hits the account. Whether its a new position or adding to an existing one is less of a consideration anymore.