I read a post recently about a guy who put his entire life savings into around 10 stocks he had picked, so around 10% allocation each. Everything has been getting slaughtered , but the S&P500 is only down around 10% while most of his stocks are 10% to 80% down.
I don't know how the rest of you are doing this but, I am confident the S&P 500 will increase in value over the next 10 years. An individual pick could go to hell like FB did and if your conviction changes you are forced to accept the loss and sell the individual stock.
Are people who pick stocks for a large amount of money and their retirement balance just accept what they can loose? I'm genuinely curious how they manage a custom portfolio.
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