11-25-2014, 10:54 AM
I guess I play this game a little more loosely than many of you! I've got two positions that are each greater than 10 percent of my DG portfolio (MO and JNJ), and several others in the 6 to 8 percent range. (I'll try to post an update of my portfolio soon.)
I tend to buy when I think there is good value to be had in an excellent company. As a result, my portfolio can easily get lopsided. I absolutely believe in diversification, but with still many years to go before retirement, I do not spend much time assigning target weightings to my positions. So for me, "partial" and "full" positions don't have much meaning.
Over the years, as especially as I approach retirement, I plan to use new money to slowly bring the positions into better balance. But with at least 20 more years to go, I'll keep buying whatever great company is cheap(est) at the time.
I tend to buy when I think there is good value to be had in an excellent company. As a result, my portfolio can easily get lopsided. I absolutely believe in diversification, but with still many years to go before retirement, I do not spend much time assigning target weightings to my positions. So for me, "partial" and "full" positions don't have much meaning.
Over the years, as especially as I approach retirement, I plan to use new money to slowly bring the positions into better balance. But with at least 20 more years to go, I'll keep buying whatever great company is cheap(est) at the time.