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Equity index funds for the first 50K .. then diversify into sectors like medical or technology ... then, when you get to 100K, start picking consumer brand name stocks you are familiar with and add them in 50 share lots ... to keep your diversification
Add dividend paying stocks slowly, in down markets
Once you get 6 stocks in 100 share units, consider selling covered calls to increase income.
Never have more than 25 stocks
Make sure your equity index funds are about 40% of your portfolio
And do not worry about picking "hot" stocks
Add dividend paying stocks slowly, in down markets
Once you get 6 stocks in 100 share units, consider selling covered calls to increase income.
Never have more than 25 stocks
Make sure your equity index funds are about 40% of your portfolio
And do not worry about picking "hot" stocks
Oster1 · M
@questionWeaver And do not forget the Dollar Cost Averaging principle.
A very good approach for average investors.😊
A very good approach for average investors.😊