I wrangle with this in my head every so often. How many is too much? Does buy and hold prevent me from fine tuning my stock selection? Does the feeling of enough is enough prevent me from a good stock investment?
Personally, I own and feel they are enough
59 individual stocks
6 mutual funds
Once I retire the mutual funds will be traded out and into dividend paying stocks...I keep thinking my gawd as time moves forward I'm going to end up with 100 stocks!!
In fact, I could easily buy and hold 100 stocks because there are great investments out there--it's just too much work.
SA poster, as10675, a very successful investor in his own right has over 300 individual companies! It might even be reaching 400....yea...395!! Just checked....That number gives me a headache--but when you look at his portfolio--it's not like he has bad investments.
A friend of mine is probably just as successful as SA poster as10675 with 29 stocks and about 10 to 12 years younger to boot. So, owning a lot doesn't necessarily mean you'll get a lot. But both of these guys have A LOT lol...both strategies apparently work. The one thing they have in common are good stock selections--one is just a lot more concentrated. If both just did nothing neither would go broke even in a massive downturn.
Here's a great read.....Chuck Carnavale
https://seekingalpha.com/article/4280523...ied-part-3
Personally, I own and feel they are enough
59 individual stocks
6 mutual funds
Once I retire the mutual funds will be traded out and into dividend paying stocks...I keep thinking my gawd as time moves forward I'm going to end up with 100 stocks!!
In fact, I could easily buy and hold 100 stocks because there are great investments out there--it's just too much work.
SA poster, as10675, a very successful investor in his own right has over 300 individual companies! It might even be reaching 400....yea...395!! Just checked....That number gives me a headache--but when you look at his portfolio--it's not like he has bad investments.
A friend of mine is probably just as successful as SA poster as10675 with 29 stocks and about 10 to 12 years younger to boot. So, owning a lot doesn't necessarily mean you'll get a lot. But both of these guys have A LOT lol...both strategies apparently work. The one thing they have in common are good stock selections--one is just a lot more concentrated. If both just did nothing neither would go broke even in a massive downturn.
Here's a great read.....Chuck Carnavale
https://seekingalpha.com/article/4280523...ied-part-3