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re: Stock Diversification Question

Posted on 3/5/13 at 9:29 am to
Posted by Lsut81
Member since Jun 2005
80244 posts
Posted on 3/5/13 at 9:29 am to
quote:

I started a position in XOM yesterday



Why XOM over COP?

Any other good buys out there? Just feel like I have too many eggs in one basket.
Posted by slackster
Houston
Member since Mar 2009
85137 posts
Posted on 3/5/13 at 4:26 pm to
quote:

Just feel like I have too many eggs in one basket.


One stock? Yeah I'd say that is true.

The good news is that you do not have to own just one stock. I would look into JPMorgan funds or Vanguard funds. Vanguard gets all of the love because of the low fees, but there are quite a few JPMorgan funds that have outperformed Vanguard funds despite the higher fees. They are very good at what they do.
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