02-04-2017, 04:20 AM
Nice progress.
Having options is always a good thing, though I can certainly relate to the whole "which should I buy now". Usually I solve that by buying a bit of both but I can see how that might not be a possibility for everyone. For the month of february, my monthly contribution will be split between 6 companies. (all of which I already have a position in) Usually I split it in 2-3 different ones but now I figured that a more balanced approach is in order since I don't see any screaming buys and this will also help to balance the portfolio a little more.
There is no easy way to decide the increase an existing position or buy a new company thing. You are in no hurry to increase the amount of holdings significantly though, most people aim for 20 companies or so and it usually takes them years and years to get there. Keep in mind that if you like to follow your investments, then at some point too many companies will be too much to keep an eye on.
Having options is always a good thing, though I can certainly relate to the whole "which should I buy now". Usually I solve that by buying a bit of both but I can see how that might not be a possibility for everyone. For the month of february, my monthly contribution will be split between 6 companies. (all of which I already have a position in) Usually I split it in 2-3 different ones but now I figured that a more balanced approach is in order since I don't see any screaming buys and this will also help to balance the portfolio a little more.
There is no easy way to decide the increase an existing position or buy a new company thing. You are in no hurry to increase the amount of holdings significantly though, most people aim for 20 companies or so and it usually takes them years and years to get there. Keep in mind that if you like to follow your investments, then at some point too many companies will be too much to keep an eye on.