09-27-2013, 07:23 AM
Continuing on the theme of my small basket approach. It is pretty easy to think of each 'small basket' as a self constructed fund to achieve certain sector exposure. So there again with as many as 10-15 investment classes, and maybe 2-5 picks in each class, it is easy to see how a person could have a reasonably structured portfolio that would consist of 50 or more tickers. Heck, when buying a single fund, the investor can easily be holding 30-100 or more underlying tickers in that one purchase. What is the difference between that, and structuring the same through individual holdings, ie the Henderson Family Fund!
Alex