The Portfolio is in need of some serious organization (or reorganization). It is not in every one's best interest to keep so many different types of stocks in the one portfolio. I will attempt to create three portfolios, Value, Growth, and Technical Breakouts, using the best picks from my interviews and placing them in the appropriate portfolio. Each portfolio will have its own set of parameters and stocks can move from one to another if certain criteria are met.
I will use a grocery metaphor to further explain my intentions. Stocks are like produce. People buy different fruits and vegetables for different reasons, and they have different storage and care requirements. Tomatoes and bananas ripen quickly, but can turn bad just as fast. Conversely, onions and potatoes can be kept for long periods of time with little maintenance. Certain high flying stocks demand close attention to ensure profits, and certain conservative stocks can provide moderate returns on a more consistent basis. A balanced diet needs all types of produce, the same way a balanced portfolio should use all types of stocks.
In the mean time, I will continue to update the stocks in the current portfolio. However, there will not be any stocks added, or removed, until the final three portfolios are established. Stay tuned!
Subscribe to:
Post Comments (Atom)
1 comment:
Great changes
Post a Comment