12-29-2021, 06:41 PM
(12-29-2021, 10:54 AM)rnsmth Wrote:Enter the debate of how close one should watch their holdings? If I enter a blue chip for the long haul, then initial research may well be sufficient for many years with an annual review. Reading a couple hype articles on a forum isn't good enough for a larger position. When I held 45+ stocks I was always holding at least six companies with less than stellar balance sheets, less than top notch management, questionable moat etc. Now I needed to be listening to quarterly conference calls for 15 companies. An ETF is a better place for that part of my port. Actually the Schwab fund I think you own accomplishes that. It contains some stocks that need watched if held individually. (You can make a hobby out of tracking T or MO). The alleged "value traps". You can skip the stress when protected by the ETF's diversity.(12-29-2021, 10:24 AM)fenders53 Wrote:(12-29-2021, 10:02 AM)cemanuel Wrote: Yes, I knowingly lower my return for some peace of mind. I don't need 50 tickers to accomplish that though, and that is where I found myself quickly headed. I just don't have that many great ideas. I'll more than likely end up with a bad ETF.
I was able to add more companies pretty easily when depositing more cash until I got past 30. From that point it seemed that every time I looked at getting something else, I liked what I already owned as well or better. Think I got to 34 at one point. Sitting at 29 right now.
I landed in about the same place. When I got to well over 40 I always had two or three struggling tickers and didn't have an adequate explanation why I added them. I'd like to end up with 20 but it will probably be 25-30.
I used to have 35 or so. Down to 26, 21 companies, 1 ETF and 4 CEFs
EDIT: make that 27, added RY this morning.