Those “rules” are for “investing 101” books and risk-averse financial planners imo.
It might sound “responsible” but imo it is just oversimplifying to avoid blame if things go pear-shaped.
It’s all about risk assessment. Full stop.
Risk-reward.
Everyone has a different balance.
If all of my analysis indicates that GXY should get 50% (or 80%), then that’s what it gets.
I sold 5% here recently to accumulate more of another riskier stock with much higher reward imo.
I also sold PLS today as I think the remaining reward has tapered off a bit, relatively of course.
Just imo, but I sleep fine having way more than your nominal 20% limit invested here. I don’t feel that I “got lucky” either; it has been a long journey with extensive research and learning, and is paying off very nicely.
Each to their own, of course!
Good luck all!
Exciting times ahead, with MergeCo +$10 by year’s end imo.
GXY Price at posting:
$4.69 Sentiment: Buy Disclosure: Held
