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re: Thinking about quitting stock picking
Posted on 8/25/14 at 2:55 pm to Teddy Ruxpin
Posted on 8/25/14 at 2:55 pm to Teddy Ruxpin
quote:
Hell, I don't even have 10 grand to risk on one stock and my household income is pretty substantial.
10k on a 250k portfolio is quite reasonable, that is 4% of your overall portfolio. Stocks rarely go to zero, and you can always put in some stops to make sure you don't take a bath.
If you have less than 250k, I wouldn't really put anything into individual stocks if it was me.
1
Posted on 8/25/14 at 3:23 pm to Hawkeye95
quote:
If you have less than 250k, I wouldn't really put anything into individual stocks if it was me.
Ya, I just doubt the average person has 250k at 25 years old or whatever nebulous "young age" we were talking about.
I'm all for the idea of taking the big swing with a side cushion existing, but if all your money is tied up in these big swings and you have little to show for it at 35 or 40, you're going to feel pretty dumb.
quote:
Perhaps $10,000 was too extreme, but the same holds true using a few grand.
That changes things a bit.
This post was edited on 8/25/14 at 3:27 pm
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