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LOOKING TO BUILD an investment portfolio—or rethink the mix you already own? Welcome to HumbleDollar’s portfolio-building guide. This guide takes the most important advice from the site’s chapters on investing, markets and taxes, and turns it into nine simple steps that should help you build a sensible, low-cost portfolio of index funds.
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Jeffrey:
Congratulations upon the bold adventure of the self-managed option. I, too, shared such joy when I exercised a similar option many years ago. Unschooled in economics, I applied the same drive as I had exerted in my successful career and learned how to invest. I broke a few traditional rules, such as never invest over 4-5 % of total portfolio with a single company. While my friends boasted of multiple stocks with few shares, I chose to
reverse it (via research) and go for fewer stocks with a larger share stake. My reasoning: If one has only a handful of shares and the stock triples, your gain is minimal. However, if one has loaded up the boat and the stock triples, then the gains are maximum. One caveat: This approach requires much research and monitoring of the few companies to ensure sound manage-ment, a protective moat, and a relevance of the product/s products by the
companies.
Oct 22, 2022
Just watched you with Consuelo on Wealthtrack—so, new subscriber. Thanks in advance for your wise and steady guidance! Where did you grow up? Your accent?
Welcome to HumbleDollar! You can read more about me here:
https://humbledollar.com/about/jonathan-clements/
Even though I was born in London, I was raised mostly in the U.S., hence the strange accent, reflecting both the American and English influence.