Quick question for the guys. So I’ve read that auto investing weekly in the same stocks is good. And now I’ve read that diversifying is also good. So my question is how do you navigate the 2 ? Do you buy say 10 different stocks and then auto invest in all 10 weekly ? Or only auto invest in a select few of the 10 stocks you own? Or auto invest in one of the 10 stocks you own alternating between them weekly ? What are strategies that people use in regards to auto investing and diversification?
Is Your Portfolio Well-Diversified?
During a market downturn, people often talk about the importance of diversification. 🌐 But how many stocks should you actually own to be truly diversified? 🤔
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. 💼 Owning at least 15 stocks helps avoid over-concentration in any single stock or sector. 📊
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