you do not have the necessary training or knowledge and to practice as an investment advisor without the proper licenses is a violation of law.
Oh, really? If some bureaucrat in Sacramento or Washington had given me a license, I would then be qualified to give out investment advice? Everybody on these boards is giving out investment advice, and getting it. Want to put us all in jail?
If the old rules are outdated and your wisdom of three stocks is all that is needed for adequate diversification, why would you argue that 3 is better than 1...wouldn't it just be best to have all your money in your best pick
I don't argue that 3 are better than one, It could be best to have all your money in one. That's up to you to decide. At the moment, I have four stocks I trust to go up,(AOL,CSCO,DELL,&MSFT). If two go up, and the others don't, I am ahead. I would like to have five, and be right on two, but that's not how it works out for me right now. Most people can't follow more tnan five, on a part-time basis, But that's up to them.
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