Itâs a fair point. There were times last year where I thought I may be wrong as things werenât going smoothly, but at that point I had maybe one years worth of savings invested. Now weâre talking two. I wouldnât do the same if we were talking 10 years worth of savings or even 5. Any further money into my account will be into other stocks to diversify but I donât think I will ever want to hold more than about 5 stocks at once.
What I have been wrong about over the last year is the stocks I sold to move money into my current stock. A lot of them have absolutely tanked since I sold. I used to hold positions in the likes of ARB, CINE, DDDD, SNG, FXPO, GDR, JDW, NEX. Look at all of these now! Some have dropped by 75% or more. Diversification isnât always the answer. Investing in well researched undervalued stocks is - weather that be one or ten. Unfortunately I donât have the time to âwell researchâ lots of stocks.