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Hi Jim
I guess I look at things a little differently or more probably didn't
explain myself properly. If I am 80% invested and holding four stocks
then I can only add four new positions at 5% for each new position. I
rarely hold more than 12 stocks at once and I usually have a couple in
there that I don't need to watch on a regular basis. Right now I hold
Conectiv class A which is paying a 8% dividend. It's a utility stock.
This stock I will hold for quite awhile for the dividends until it
breaks below a 200 day ma. But what we are really talking about here is
an actively managed portfolio and you are quite right that 10 stocks is
enough to monitor on a regular basis.
Have a happy new year
John Manasco
> Holding new positions to only 5% of my portfolio wouldn't work for me.
> I personally think 20 positions is too many. However, that's just my level
> of comfort in that I think fewer positions work better for me.
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