05-01-2014, 01:57 PM
Some additional reading....
http://www.investopedia.com/articles/sto...cation.asp
And
http://theguruinvestor.com/2011/12/30/ho...is-enough/
In full disclosure I am at the extreme of 100 companies, none over 1% of our portfolio.
Yes, a nightmare to re-evaluate. However, my ability to sleep is very high. Even if a company shutters it's doors while I'm off aviating and out of WIFI coverage I would only sacrifice less than 1%. And. The odds of that happening without me having at least an inkling are low. I also am in a position to use this method ONLY because I qualified for low commissions at our brokerage. Yet even at a $7.95/trade brokerage, my little homemade "Multi-Asset ETF" still has a very low expense ratio over the long run.
http://www.investopedia.com/articles/sto...cation.asp
And
http://theguruinvestor.com/2011/12/30/ho...is-enough/
In full disclosure I am at the extreme of 100 companies, none over 1% of our portfolio.
Yes, a nightmare to re-evaluate. However, my ability to sleep is very high. Even if a company shutters it's doors while I'm off aviating and out of WIFI coverage I would only sacrifice less than 1%. And. The odds of that happening without me having at least an inkling are low. I also am in a position to use this method ONLY because I qualified for low commissions at our brokerage. Yet even at a $7.95/trade brokerage, my little homemade "Multi-Asset ETF" still has a very low expense ratio over the long run.
There are people who use up their entire lives making money so they can enjoy the lives they have entirely used up
Frederick Buechner
Frederick Buechner