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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (34144)	9/10/2022 12:56:55 AM
From: maverick61	Read Replies (1) \| Respond to of 34328

Thanks. Yeah, it is a bit different when you start a company like Bezos, Musk, Gates and get all those shares as part of your compensation. I appreciate you getting the point I was making. I have changed and adapted my investment style a number of times over the years as my goals and risk tolerance changed. In fact believe it or not I owned a small position in UAN and some other fertilizer stocks at different points in time over the last 10 years. But one thing that has always been important to me is diversification and that is my main point I am glad you have had success with UAN and it works for you. You made a good call on it a couple years ago when you first got in on it at a much lower price. I would just be cautious given the current economic and geo political environment and its current price level. You have a good weekend as well.

To: Elroy who wrote (34144)	9/24/2022 2:41:06 AM
From: Rarebird	Respond to of 34328

Ben Bernanke claimed he only owned one stock in his portfolio and it was Phillip Morris. He did quite well with it. I have held as many as 50 stocks in my portfolio, but lately have kept it to between 10-15 stocks, closer to 10. Holding less stocks with very high conviction rates sounds very plausible to me. It allows one to learn everything about the company, fundamental and technical on a daily basis and become closer to the spirit of the price action. I think diversification is over-rated in terms of quantity, another bias from Wall Street. I have done better holding less stocks.