I started investing in 2021 and I picked 7 stocks, my 'Lucky 7' to buy from. I started buying monthly pieces of them. Surprisingly, they did okay considering the environment we are in. The stocks I picked were mostly household names companies listed on the Dow Jones or the S&P 500.
I picked 7 because I have seen lottery tickets, scratchers, that read 'Lucky 7' and then the slot machines at casinos.
Many people that know investing very well, have said that if I really like my 7 stocks, that it is a good idea not to add anymore into them, just to keep them and hope they appreciate over time. Instead they suggested the 3 part Bogle portfolio, 1 index fund for the entire US market, 1 for the overseas market, and 1 index fund for the bond market making up no more than 30% of the investment portfolio. Anyone else here have an index fund or funds plus their favorite stocks? How common is this?
I picked 7 because I have seen lottery tickets, scratchers, that read 'Lucky 7' and then the slot machines at casinos.
Many people that know investing very well, have said that if I really like my 7 stocks, that it is a good idea not to add anymore into them, just to keep them and hope they appreciate over time. Instead they suggested the 3 part Bogle portfolio, 1 index fund for the entire US market, 1 for the overseas market, and 1 index fund for the bond market making up no more than 30% of the investment portfolio. Anyone else here have an index fund or funds plus their favorite stocks? How common is this?