Why I own more than 100 stocks.
(5 reasons)
1/9
(5 reasons)
1/9
Q: Is 100+ stocks, ETFs, and cryptos the right answer for everyone?
A: Heck no! Know thyself.
Here's the rationale for why I do.
2/9
A: Heck no! Know thyself.
Here's the rationale for why I do.
2/9
Like shirts in my closet, I always think I should have fewer stocks than I do...
But every time I look to clean house, I find too much joy to keep fewer than I do.
Shhhh...don't tell @MarieKondo.
3/9
But every time I look to clean house, I find too much joy to keep fewer than I do.
Shhhh...don't tell @MarieKondo.
3/9
Reason 1: Ego is my biggest risk.
For 2+ decades, I've had a job, kept spending in check, and saved.
Barring some catastrophe, I should continue to reach my financial goals...
UNLESS I get cocky and do something like go all-in on 10 "can't-lose" stocks that do.
4/9
For 2+ decades, I've had a job, kept spending in check, and saved.
Barring some catastrophe, I should continue to reach my financial goals...
UNLESS I get cocky and do something like go all-in on 10 "can't-lose" stocks that do.
4/9
Reason 2: Keeps FOMO at bay.
Having a little bit spread out into interesting industries and companies helps inoculate me against chasing those returns AFTER the fact.
5/9
Having a little bit spread out into interesting industries and companies helps inoculate me against chasing those returns AFTER the fact.
5/9
Reason 3: Learning feedback loop.
Having skin in the game on a bunch of stocks forces me to pay more attention to them and learn more.
That knowledge across industries helps me analyze individual stocks with better context/less myopia.
6/9
Having skin in the game on a bunch of stocks forces me to pay more attention to them and learn more.
That knowledge across industries helps me analyze individual stocks with better context/less myopia.
6/9
Reason 4: 💎🙌
Large holdings: Still a fairly small percentage of my portfolio so I don't lose as much sleep when they fluctuate.
Small holdings: Often easier to just leave them be to give them the chance to earn a larger share. Happened this year with many SaaS stocks.
7/9
Large holdings: Still a fairly small percentage of my portfolio so I don't lose as much sleep when they fluctuate.
Small holdings: Often easier to just leave them be to give them the chance to earn a larger share. Happened this year with many SaaS stocks.
7/9
Reason 5: I have the time and I enjoy it!
Having fewer positions would be less interesting (partly b/c I'm wired to prefer more breadth/stimulus).
I'm someone who gravitated to do this for a living, after all...when your work and your hobby align...
8/9
Having fewer positions would be less interesting (partly b/c I'm wired to prefer more breadth/stimulus).
I'm someone who gravitated to do this for a living, after all...when your work and your hobby align...
8/9
Thanks for reading...good luck on aligning your portfolio with your personality!
Here are the other ways I think you can diversify (without owning 100+ stocks)...
9/9
Here are the other ways I think you can diversify (without owning 100+ stocks)...
https://twitter.com/anandchokkavelu/status/1350881880820871168?s=20
9/9
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