07-18-2015, 11:34 PM
I could say that I had similar thoughts. I own 20 companies now and while I do not think that the number itself is too much I do feel like the average value of my holdings is too low. So I did think about selling off some companies and spreading that cash among the positions that remain in my portfolio. However I did come to a different conclusion: I've decided to simply keep adding to my existing positions and not to start new ones unless I really find something that I can't keep my hands away from. This way of course takes time to work and you need to be investing new cash regularly.
There is 1 company I'm looking to get rid off but that is more to do with what's happening with the company rather than what's happening with my portfolio.
If you do decide to sell remember to think about taxes. As for which stocks to get rid off, that's your choice but I do see a lot energy sector there. You did mention both VZ and T, personally I like telecoms but you could easily sell off one and invest that cash into the other to reduce the amount of total holdings without affecting diversification between sectors.
There is 1 company I'm looking to get rid off but that is more to do with what's happening with the company rather than what's happening with my portfolio.
If you do decide to sell remember to think about taxes. As for which stocks to get rid off, that's your choice but I do see a lot energy sector there. You did mention both VZ and T, personally I like telecoms but you could easily sell off one and invest that cash into the other to reduce the amount of total holdings without affecting diversification between sectors.