Diversification & Asset Allocation

[ChadR]

The reason that I will have close to 50 stocks in my portfolio when is retire is the fear of a dividend cut. If one of my positions cuts their dividend, I'm out 2% of my income. If I'm holding 20 positions, I'm out 5% of my income. Also if I have the next Enron in my portfolio much easier if its 1 of 50 instead of 1 of 15.

Also, I know that I'm not Warren B so I don't feel I have the competence to just bet on my best positions.