Diversification, Diversification, Diversification : Small Time Blog

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Diversification, Diversification, Diversification

by Bradley Voight on 11/24/13

The first three rules of investing. It is a lot easier to diversify through ETF's and mutual funds, but for the stock picker 5 companies are enough if they are well diversified. This is a Cramer axiom but like him or not he is right on this one. The Smalltime Model Portfolio is going to be made up of 5 companies to keep it simple. Stay tuned as we build the portfolio and transform our site over the next few months.


A word on trading. I have proven thus far to be an erratic trader, but I have been quite successful at several trades or I would have lost everything. Trades MUST be well planned and executed, but accept the fact that they might go awry. It is kind of like being in a kayak and approaching the rapids. you need to be prepared for the unexpected. Trading hasn't lost me money, my largest losses have come from non diversification by chasing the marijuana stocks. That error is well documented here learn from it and you won't be sorry. The only good that came out of my reefer madness was a $3000 tax loss for 2013...could be a blessing in disguise.

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