If you want to trade shares - which many try to do, it looks easy in retrospect, just look at the charts! - but most people don't beat the market in the long run despite having a few great wins. Easy come, easy go. Quick to forget the losses but humans remember the wins. Not much more than gambling. Are you really going to do better than professionals, keeping in mind that's what you'll need to do to beat the market over the long term. May as well play blackjack IMO.
My advice is to work hard for your money in whatever you do and invest what you can in high conviction growth stocks and have patience and see it out - If you were right you can make a fortune this way, a life changing amount of money.
IMO AVH is the most compelling growth stock and risk:reward ratio on the ASX board at the moment. This product is already a huge success - and its footprint is expanding rapidly with exponential expansion soon with ReCell Go and soft tissue indications, before we even get to Vitiligo.
So if I was you, with respect your holding is rather small in dollar terms to follow the "diversification" mantra. I would hang on for dear life, switch off all the noise and expect to get a 10plus bagger from this stock. You may find your current circa 70K investment within 2-3 years is worth 500K, which is then money worth diversifying with to create a genuine stock portfolio.
Its natural to have dips in the market as people take profits, and if you time it right yes you can do well, but what if it gains 50% in the week after you sell out hoping for a drop to buy back in with a quick profit? Do you jump back in or hold....then it goes up again. That's why trading is gambling not investing.
Just my advice. IMO in summary you can turn 70K into a life changing amount relatively quickly here. Just do your own research and be happy with the company, product, and risk:reward ratio - as I am and as are most people here and every analyst covering the sock. Good luck.
AVH Price at posting:
$5.41 Sentiment: Buy Disclosure: Held
(20min delay)