At a point like this, its best recommended you seek the services of an advisor, as this allows you make smarter investing decisions.

I believe a healthy portfolio should have at least three components: exposure to ETFs for diversification, assets that generate cash flow like dividend stocks, and market-leading tech stocks.

Truly It's all about using assets with compound interest to amass riches.

I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you that you talk so highly about?

@@AdamsFerguson Dianne Sarah Olson

hi please can i also reach out to her, i don't have so much but i'm very ready to commit to a long term investment for my retirement

Did a quick web search, she has a pretty decent bio, I wrote her and I'm waiting on her reply.

Yes, the stock market is at its all time high and a good number of folks are raking in huge 6 figure gains, but such strategies are most times successfully executed by folks with in-depth market knowledge

Very true, despite having no prior investing knowledge, I got fully invested before the pandemic and pulled in a profit of approximately $150k that same year. In reality, all I was doing was getting professional advice. As of today, I'm only 10% shy of a million dollar pfl.

@@maria_casey glad to have stumbled on this comment, quite inspiring! could you be kind enough with details of your coach please? in dire need of proper asset allocation

Can't divulge much, I delegate my excesses to someone of great expertise ''Karen Lynne Chess'' preferably you can look her up on the web, her qualifications speak for itself.

thankfully googled Karen Lynne Chess and was able to schedule a call session with her, she seems very professional from her resumé with over two decades of experience

I'd suggest you discuss with a proper advisor, particularly if you're new at investing or facing uncertainty. I personally have over 180 companies in my portfolio, so if few companies fail, I still have others that can hold me up.

That's smart. I'm quite lucky exposed to personal finance at an early age, worked full time when I was 19, purchased first home at 28. Going forward, got laid off at 36 amid covid-outbreak, and immediately consulted an advisor to stay afloat. As of today, I'm only 15% short of my $1m goal after subsequent investments.

@@arlenehill4ril hmm .. bravo!! how did it work out for you? been on red more than 20% this year , but hoping to bounce back

Can't divulge much, I delegate my excesses to someone of great expertise ''Karen Lynne Chess'' preferably you can look her up on the web, her qualifications speak for itself.

excellently said.. curiously inputted Karen Lynne Chess on the web, spotted her consulting page at once, and was able to schedule a free call session. Ive seen commentaries about advisors but not one looks this phenomenal

I'd suggest you consider financial advisory particularly if you're new at investing or facing uncertainty. I personally have over 180 companies in my portfolio, so if a few companies fail, I still have others that can hold me up.

That's smart, the role of advisors can only be downplayed but not denied. I'm quite lucky exposed to personal finance at an early age, worked full time when I was 19, purchased first home at 28. Going forward, got laid off at 36 amidst covid-outbreak, and immediately consulted an advisor to stay on top. As of today, I'm barely 15% short of my $1m goal after subsequent investments.

@@maria_casey hmm .. bravo!! how did it work out for you? been on red more than 20% this year , but hoping to bounce back

Can't divulge much, I delegate my excesses to someone of great expertise ''Karen Lynne Chess'' preferably you can look her up on the web, her qualifications speak for itself.

excellently said.. just inputted Karen Lynne Chess on the web, spotted her consulting page at once, and was able to schedule a free call session. Ive seen commentaries about advisors but not one looks this phenomenal

Hey MyG12349, it's a good question. The video you are referring to was one where I tried to pick a portfolio in just one sitting. I think I'm pretty clear in explaining that I only committed a very very small percentage of my total capital towards these companies, simply, because it's too little time to really evaluate and pick 10 companies. Even with that caveat, I think that the video should be able to teach a lot of people some basic thinking about stock picking, in a very practical manner which I don't really think that you see in many other places here on YT. TTEC is (so far) the worst pick from that portfolio. It's not a company that I have any significant amount of capital invested in, it's not a part of my "main" portfolio which is presented in the Patreon. For this reason, not much time has been spent with the company and I can honestly not say if it's a better pick now than it was at the time when I bought it in December. There are too many other companies that I find even more interesting and time spent on TTEC must be prioritized away form those companies, which is a tradeoff I'm not willing to make currently. With that said, there will be a small update in December this year, once that portfolio has been live for a year, which I think I state in the video too. After a year I think it's more resonable to discuss if it was a good idea to assemble a portfolio in a single sitting or not, and that will also decide whether I try to do it again or not. Cheers!

Hey mike, cheers for the questions. There's usually 10-15 stocks in the portfolio and a single position, during the last few years at least, has been around 15% maximum. The rebalancing should be ~ish once every 6 months, but if Mr. Market is too irrational we might want to do something in between such periods too. The selling trigger is always based on opportunity costs. When we think that there are better opportunities out there, we will switch. Sometimes this is caused by a stock increasing too much in price, sometimes it's caused by a decline in the business that makes us uncertain about its future.

@@TheSwedishInvestor Thank you for the answers. They are useful to create the whole picture about the strategy.