I have a mix of paper loss and paper gains. The best way to diversify is to buy ETFs. It is convenient and easy. Also, there are many with low expense ratio. Choose one that reflect the world index then have some thematic or geographical plays. Can also choose crypto to diversify further. Depending on risk appetite and investment horizon, can also add in gold or other commodities and bonds. My personal preference is to keep to stocks only.
Is Your Portfolio Well-Diversified?
During a market downturn, people often talk about the importance of diversification. đ But how many stocks should you actually own to be truly diversified? đ¤
A prevailing statement is that you should plan to own 25 to 30 stocks if individual stocks are to make up the majority (50% or more) of the equity part of your portfolio. đź Owning at least 15 stocks helps avoid over-concentration in any single stock or sector. đ
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