11-07-2014, 08:08 PM
With the amount you have invested, I think your starting point is fine. It would be a bad idea to sell part of them and pick up smaller positions in other stocks, because the trade fees would certainly cost you several percent of your current portfolio value.
Common advice for beginning investors is to put $1k at a time into individual positions until you have satisfactory diversification - which may mean 15 or 20 positions - as long as each transaction doesn't cost more than 1% of the purchase amount. Naturally it will take time to diversify, but that's just part of building a portfolio from the ground up.
Common advice for beginning investors is to put $1k at a time into individual positions until you have satisfactory diversification - which may mean 15 or 20 positions - as long as each transaction doesn't cost more than 1% of the purchase amount. Naturally it will take time to diversify, but that's just part of building a portfolio from the ground up.