10-03-2014, 09:01 AM
60 is a great number. I personally think the more, the merrier (as long as you can afford to buy that many)!
As for how to manage that many, your portfolio should be filled with companies that you don't HAVE to watch and manage constantly. Coca-Cola, Colgate-Palmolive, etc. While you might have a couple companies that require a bit more watchful eye (I have SeaDrill (SDRL) in my portfolio), they should take up a very small percentage of your portfolio.
If you find yourself having to constantly monitor the 60 stocks in your 60-stock portfolio, then perhaps you should reevaluate if those companies are the types that you want. Dividend income should be passive income, after all, not a second job.
As for how to manage that many, your portfolio should be filled with companies that you don't HAVE to watch and manage constantly. Coca-Cola, Colgate-Palmolive, etc. While you might have a couple companies that require a bit more watchful eye (I have SeaDrill (SDRL) in my portfolio), they should take up a very small percentage of your portfolio.
If you find yourself having to constantly monitor the 60 stocks in your 60-stock portfolio, then perhaps you should reevaluate if those companies are the types that you want. Dividend income should be passive income, after all, not a second job.