Quote:
Originally Posted by NickTurnon
Just like you stated, I wanted to try and build a portfolio with 80-90% of companies that I can hold on to for a long time and not have to worry about.
I was hoping for the rest 10% can be play money/"sexy" money.
Obviously based on what I have stated previously and my lack of knowledge, I am not a day trader by any means. Just following a successful grandpa's suggestions + your guys suggestions.
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Good deal. A portfolio with 1/4 old companies with solid dividends, 1/4 small/mid cap growth with consistant eps growth and little debt, 1/4 index etfs (since you can't pick all the winners), 1/8 sector ETFs (make your bet on a whole sector, not a individual company) and 1/8 flat out speculative bets should be a solid outperformer for the long haul if you manage it well and take profits when appropriate and rebalance regularly, but may not keep up on a day to day basis.
I'm assuming you're a young guy with 30+ years of investing on the side while you work. If you're close to retirement, what I just suggested is too risky.