(02-05-2022, 04:10 PM)fenders53 Wrote: Ray,
It took me a year to get from 50 tickers to very low 20s. I told myself I will trim a minimum of one per month, and if I was tempted to add a new ticket then two need to go within a week or two. I now only have a couple stocks I would be hesitant to make a five year commitment to.
I can see myself with 25 stocks someday but the entry threshold is higher now.
limiting oneself to lower # of investments makes one to be more diligent in those choices--at least for myself
i was up to 87 stocks--a crazy amount imho--even tho i had a lot of high quality investments--it was just too much to own so i started to downsize--i'm currently down to 63 individual stocks--now to get into that 30 to 40 range is going to take me a lot longer--maybe a couple of years maybe more due to being in taxable accounts
then i have 2 friends, one has about 120/130 stocks and the other has over 300 stocks! now the 300 plus stock portfolio is a 2mil but idk--way too many imho
i have another buddy worth a few million and he has 30 to 40 stocks and some mutual funds--he said he'd be fine owning 20 to 25 stocks--i have no idea what amount he has in mutual funds vs stocks