Hello Nikkei86,
Have you been using this 10-stock strategy for a few years? To be honest, I've considered it, but I'm not going to go for it. Right now, My top 10 positions are generally over 60% of my portfolio, with another 10-20 positions comprising the other 40% and I still am concerned enough about the market these days that I've got a bunch of covered calls covering me for 10-20% premiums in case we correct.
If I were to go to 10 positions someday, it would be only large, value companies like CSCO, MSFT, GLW, TOT, E, etc... I've thought about it to try to get solid returns, but I've backed off mostly due to the fact that I felt I couldn't get exposed to enough sectors that way. And I had more ideas than 10 that I wanted to put my money into. And in the end, having only 10 positions spooks me.
Thanks,
Grant |
