So, I'm a US Citizen living in the UK who recently opened up a Charles Schwab One International Account.
As I'm non-resident in the US, Schwab won't allow me to invest in US-based ETF's or Mutual Funds. As far as I'm aware no brokerage will allow me to do so as a UK resident - I also don't keep a US address - my spouse (a UK citizen) and I live in the UK and aren't making any plans to move to the US in the foreseeable future. So it looks like it's just individual stocks for me.
I'm in my 30s, am new to investing and was originally hoping to hold about >75% of my portfolio in an index like the S&P 500 and just let it roll, but as I'm unable to do that, what's a decent strategy? Obviously, I can't just purchase all 500 stocks of that index, but I do want some diversification. Would diversifying into 20 different stocks that I believe have good fundamentals be too much/too time consuming? Would I be better off with around 10 stocks and to grow from there?
I've got around $25k that I'd like to invest - and I'd say that I'm willing to take on a decent amount of risk, being in my 30s, and could leave the money in the market for quite some time. I'd also say that I have some spare time to devote to it, maybe 5-6 hours a week but certainly don't have enough time to be for this to be a second job.
I should also say that I'm self employed here in the UK, so I don't have a traditional work-related retirement account (a pension), so looking at self-investing to help save for retirement.
Any advice for how best to diversify my portfolio would be greatly appreciated!
As I'm non-resident in the US, Schwab won't allow me to invest in US-based ETF's or Mutual Funds. As far as I'm aware no brokerage will allow me to do so as a UK resident - I also don't keep a US address - my spouse (a UK citizen) and I live in the UK and aren't making any plans to move to the US in the foreseeable future. So it looks like it's just individual stocks for me.
I'm in my 30s, am new to investing and was originally hoping to hold about >75% of my portfolio in an index like the S&P 500 and just let it roll, but as I'm unable to do that, what's a decent strategy? Obviously, I can't just purchase all 500 stocks of that index, but I do want some diversification. Would diversifying into 20 different stocks that I believe have good fundamentals be too much/too time consuming? Would I be better off with around 10 stocks and to grow from there?
I've got around $25k that I'd like to invest - and I'd say that I'm willing to take on a decent amount of risk, being in my 30s, and could leave the money in the market for quite some time. I'd also say that I have some spare time to devote to it, maybe 5-6 hours a week but certainly don't have enough time to be for this to be a second job.
I should also say that I'm self employed here in the UK, so I don't have a traditional work-related retirement account (a pension), so looking at self-investing to help save for retirement.
Any advice for how best to diversify my portfolio would be greatly appreciated!