12-11-2021, 09:26 AM
(12-11-2021, 05:08 AM)fenders53 Wrote: Considerable (but respectful) differences of opinion on this forum. We have a lot of members that own 50 or more stocks. I have tried both methods and gravitated towards a smaller number of high quality holdings. Unfortunately I started doing this in earnest only a year ago and quality is expensive. The market long ago taught me that paying just any price is a huge mistake. Time will provide opportunities.
The problem with owning 50-100 stocks is you don't really know what you own if you have a day job. It's nearly impossible. If you are fortunate you will accidentally achieve mediocrity.
There's a poster on SA, Roseknows, who has a portfolio of close to 100 and does very well with it. I'm sure not going to criticize her for that. I just don't know how she does it. And I've been doing well enough that I'm not going to work to figure it out.
There are people who make that work. I maxed out at, I think, 34 myself and have trimmed that back to 30 as I approach retirement.
Lots of ways to make money in the market. More important to be good at what you decide to do than to try emulating someone else if things don't fit.