a catalogue of errors, page-19

Funnily enough the quote from the discussion on InvestSMART is from someone who has been achieveing >40% over a long period, investing in a lot of high risk deep value stocks generally as well as some beaten up large cap type stuff globally with a large number of holdings.

But as mars said, horses for courses I guess. I couldn’t do it, and I currently have about 30 stocks some are such a low weighting that I hold them more out of interest/learning opportunity than for the financial outcome. MND which I noticed you sold, is at about 0.5% of my portfolio (I still love listening to rob at the webcast, answer the analysts questions with such nonchalance, and also complete disregard - makes me laugh every time). Which is also a function of life circumstances and how much spare cash I had when certain stocks were ‘cheap’

Ps I currently hold a stock which is at ~25% of my portfolio (started at 2%) and 5 stocks take up 50%, so I’m certainly not practicing what’s being preached. If I were in retirement phase with a fixed amount of capital I wouldnt have let those sorts of concentrations occur. I’m trying to reduce the amount the tax implications effects my reasoning, but as someone that really struggles with throwing money away, it’s tough.