18 May 2020
For example, will owning 10 different stocks with say $500 invested in each stock OR owning 5 different stocks with say $1000 invested in each stock be a more efficient approach? Should I focus on the number counters in my portfolio OR should I instead focus on increasing the amount invested in each of my few stocks?
I'd take $1000 over 5 stocks, but 5 stocks that I have researched and chosen carefully.
Not forgetting that when you're invested, you still have to monitor your investments regularly. Having lesser counters to monitor is a plus.
Diversification is always a good thing for risk reduction,
I'd recommend passive indexing stock ETFs:
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0.03% to 0.08%
STOCK HOLDING TYPE
POEMS by PhillipCapital