Read an article a long time ago: buy 8 stocks is enough to diversify...

Yep, If you pick stocks in different sectors of course, it only takes about 8 stocks to be sufficiently diversified.

Large mutual funds have a problem that small investors don't have, a need to buy lots of different stocks to provide product plus you get the hedge fund guys detecting trends, eg, everyone buying facebook and taking their penny off of every dollar traded.

So yeah, having someone manage your money has built in inefficiencies although granted, you don't want another job spending time learning about the stock market (and those are still things other people tell you and everyone else)

In response to this post by HokieForever

Posted: 07/17/2018 at 1:03PM

Question, if financial planner wants to charge a small fee as a % of stock -- hokienole 07/17/2018 12:11PM

Typically sliding scale based on value of assets under management ** -- 133743Hokie 07/17/2018 1:14PM

0%: I don't charge myself anything. ** -- Hokie360 07/17/2018 12:44PM

Financial Beliefs You Might Not Like -- `lag 07/17/2018 12:29PM

I recently did an analysis for my DIL on a Roth IRA. The difference in the -- Galenahokie 07/17/2018 3:21PM

It doesn't seem like much, especially when inflation was 6% -- `lag 07/17/2018 5:00PM

If I was a betting man, would put my money on the market going up -- EDGEMAN 07/17/2018 12:57PM

Unless you are netflix ** -- fordham 07/17/2018 1:53PM

LOL! Point taken. ** -- EDGEMAN 07/17/2018 1:55PM

Nothing is permanent. ** -- 48zip 07/17/2018 1:00PM

Agree with the technical point, but buy now, sell shortly after... -- `lag 07/17/2018 1:11PM

Nobody knows what is going to happen to Congress. Want to put a small bet -- CochraneResident 07/17/2018 1:14PM

I agree completely. -- `lag 07/17/2018 1:19PM

I hate it when we agree 'lag ;). Sorry I misunderstood. My wife says it -- CochraneResident 07/17/2018 1:20PM

Again, I'll clarify that it 60 votes in the Senate to beat a filibuster. -- CochraneResident 07/17/2018 1:17PM

We can't go political. You make a statement, and I'm going to make one. -- CochraneResident 07/17/2018 12:59PM

Guess you should move your money to bonds. -- EDGEMAN 07/17/2018 1:07PM

I'm in 100% stocks, my friend. But, that trade wars going to hit revenues. -- CochraneResident 07/17/2018 1:08PM

I'll note that bonds are going to get hit with interest rate increases. -- CochraneResident 07/17/2018 1:11PM

Plus 10000%, if the financial planner was so awesome... -- HokieForever 07/17/2018 12:45PM

Better rule -- RTFC 07/17/2018 2:06PM

Read an article a long time ago: buy 8 stocks is enough to diversify... -- `lag 07/17/2018 1:03PM

5 basis points, as in .05%. No financial planner. Fidelity low priced -- CochraneResident 07/17/2018 12:13PM

Where a financial planner adds value is showing how to reduce taxes, -- RoswellGAHokie 07/17/2018 12:33PM

Isn't that something you can Google yourself? r/financialindpendence, or -- CochraneResident 07/17/2018 1:07PM

When I’m on the verge of retirement, I intend to use a financial planner. -- RoswellGAHokie 07/17/2018 1:15PM

Right, but that's a fee, right? not a percentage of your assets. -- `lag 07/17/2018 3:09PM

Managed our investments until I retired. We interviewed 3 financial -- 133743Hokie 07/17/2018 1:30PM

Oh, agreed 1000%. However, those avenues are filled with CPAs. Like I -- CochraneResident 07/17/2018 1:19PM

Read an article a long time ago: buy 8 stocks is enough to diversify...

Insert a Link

Tech Sideline is Presented By:

Our Sponsors