IMPORTANT: The tendency is to over-diversify, but some diversification is necessary
Not much fireworks, at least after hours, in our stocks that reported earnings such as MSFT and SNDK, which is basically what I’d outlined as to how I was expecting tonight’s plays to play out. So to speak.
Anyway, listen, this is IMPORTANT. I just saw someone on here basically say that they’ve got 50% of their portfolio in just one stock. Unless you’re playing with just a tiny bit of your overall net worth, then I just want to say that I think that is a terrible idea to be that concentrated in one stock. I do think most people and funds go way overboard with diversification strategies, but some diversification is necessary.
