VG I am not a believer in diversification for investors over long time periods.
Over the last 40 years of investing I have participated in every listing then sold the "losser's" and added to what I think are the "winners"
There has been a noticeable lack of new listings over recent years.
My "share portfolio' has been pared back over time to 2 stock holdings(IFT & FPH) that I am relaxed that the next generation that knows squat all about investing can hold for the long term. Both of them have management that have long term horizons.
If I knew back then what I know now the "portfolio" could have another 2 companies(MFT & EBOS) that I rate very highly because their management have added a lot of value over the long term.
Over long time periods "Trading" for me is just a lot of wasted time and energy . Yes there maybe some "good traders" but is it worth it time & energy wise?
Isn't there other things you would rather be doing?
Maybe its fun to do for the thrill if it comes up a winner but how often does that happen?.
What companies shares do share owners trade?
Ones that have a volatile share prices?
But then why has it got a volatile share price?
https://rutherfordrede.co.nz/latest-...r-the-long-run
"Stocks For the Long Run" has some insight full ideas.
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