tag:blogger.com,1999:blog-9031526429482744032.post8771870761536272248..comments2024-03-29T00:20:06.554-07:00Comments on Don't fuck with Donville: Number of stocks and concentration: A look at 10 superinvestorsPenetratorhttp://www.blogger.com/profile/01670644029306203741noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-9031526429482744032.post-77654106437133134872021-02-23T04:21:21.198-08:002021-02-23T04:21:21.198-08:00Great comment Vicario.Great comment Vicario.Penetratorhttps://www.blogger.com/profile/01670644029306203741noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-24522906221334556452021-02-22T19:27:14.628-08:002021-02-22T19:27:14.628-08:00Any academic study I've read on this subject s...Any academic study I've read on this subject suggests that 15-25 is the ideal number of positions. We currently own 20 for clients. I'd rather have fewer. 96% of a stock specific risk is diversified away by the 20th position. Banks and mutual funds will tell you otherwise because they can't only own 20 positions but don't believe the propaganda.<br /><br />https://www.bbalectures.com/systematic-risk-and-unsystematic-risk/vicariohttps://www.blogger.com/profile/15801909913461380146noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-65373512580096616552021-02-22T09:49:28.742-08:002021-02-22T09:49:28.742-08:00I treat my 4 accounts separately:
TFSA-US - 5 Sto...I treat my 4 accounts separately:<br /><br />TFSA-US - 5 Stocks - equal weight<br />TFSA-CDN - 7 Stocks - equal weight<br />RSP-US - 30 Stocks, 8 starter positions, top 5 = 50%<br />RSP-CDN - 28 Stocks, 5 starter positions, top 5 = 60%<br /><br />Over the years I have moved more and more money to the US, the TSX does not have the depth and quality wealth creation type companies that are present in the US marketplace.Barneyhttps://www.blogger.com/profile/04872513238382124699noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-80723579476095218632021-02-22T08:23:20.351-08:002021-02-22T08:23:20.351-08:00All I have is a tfsa .. I own 7 stocks . Equally w...All I have is a tfsa .. I own 7 stocks . Equally weighted . Reindeerdippinhttps://www.blogger.com/profile/02062443994656693223noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-59286663879857603442021-02-21T18:43:31.115-08:002021-02-21T18:43:31.115-08:00When I didn't have much money I was 80% mariju...When I didn't have much money I was 80% marijuana stocks. As my account grew I diversified like a pussy that is not very penetrable. I'm content with 20 solid companies, or more as long as I'm not significantly sacrificing growth. Fatsohttps://www.blogger.com/profile/16351689833019644049noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-62348133781274002842021-02-20T19:08:07.497-08:002021-02-20T19:08:07.497-08:0023 positions is my sweet spot for accounts 500k-5M...23 positions is my sweet spot for accounts 500k-5MEdutraderhttps://www.blogger.com/profile/11152124371486503665noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-80888348788965596272021-02-20T04:26:10.239-08:002021-02-20T04:26:10.239-08:00One of the things I believe most strongly about is...One of the things I believe most strongly about is concentration in managing an investment portfolio. The key point to keep in mind for me is 'know what you own'. That means going beyond looking at the numbers and delving into how the senior management of a company conduct themselves (operating the business, financing the business, communicating with their stockholders.)<br /><br />Anyway I own 15 stocks but my top 5 positions take up 64 percent of my portfolio. And those 5 companies faithfully raise their dividend consistently over time.<br /><br />I'm comfortable with this approach but concentration and diversification will be an individual preference for every investor as we all in different situations and stages in our life.<br />Gavinhttps://www.blogger.com/profile/04771103734767703683noreply@blogger.com