4 ms·
Sure, I really don't believe in diversification. Here are my thoughts, maybe someone else will come along and cut me down or whatever, but that's ok. Diversif
by honopu 16y ago
Sure,
I really don't believe in diversification. Here are my thoughts, maybe someone else will come along and cut me down or whatever, but that's ok.
Diversification to me is like shooting a shotgun. Most stocks are profitable(they'd be delisted otherwise) so the scattershot(shotgun shot) is a nice way to handle that, and that is diversification.
I kind of like the sniper rifle, where you invest in one stock which when you boil it down to what you're buying is a share in the company. If you are into stocks. They are pretty liquid, and you aren't managing a physical asset.
So after typing all of that, there are other avenues of investment aside from stocks. How about tax-free muni bonds?, vacation rentals? buying land and lobbying to get it re-zoned(from agricultural to residential(house density per acre)) etc.
- beagle3 16y ago> Diversification to me is like shooting a shotgun. Most stocks are profitable(they'd be delisted otherwise) so the scattershot(shotgun shot) is a nice way to handle that, and that is diversification. That's not true. Continuous loss is not a ground for delisting. Going below a certain per-stock value (e.g. $1 or $0.01 depending on trading value) is, and that can be fixed by a so called "reverse split", without making the stock any more valuable.