Quote:
Originally Posted by adbynot
Canada
$10K to invest
Highest Tolerance
Short-Long, doesn't matter
$0
No real investing knowledge other then Mutual Funds and some small investments but I am more interested in the amount of stocks that I should have in my portfolio.
Some people believe that an individual should never own more then 20-30 stocks at most because, and I'm sure others here would agree,
if you're buying individual stocks it should be only because you've made a conscious and self informed decision to purchase the stock. Not because some newsletter told you too. You should
know the companies.
Before you start investing in taxable brokerage accounts, you should first be maximizing your tax free and/or tax deferred accounts and making sure you're establishing or have established an emergency fund.
But based on what we've learned of you today, I would take that $10k and do the following:
Put 70% into VTI, 20% into VEU and the remaining 10% into BND.
Better yet, just hold on to the cash and learn and read and hopefully you will learn why we've been reluctant to discuss individual stocks for you, as well as why we've been "sour" with regard to your misguided questions about stock amounts and prices.