Focus investing vs. Diversified Investing
I love it when I have been practicing something already and then I read about it and realize there is even a word for it.
Have you heard of 'Focus Investing'? The idea is to focus on just one stock at a time, as opposed to 'Diversified Investing' where you invest in many different stocks across different industries to minimize your risk.
Well, I realized this is something I have been doing for months. Focus Investing that is. But to be clear, I shouldn't use the word 'investing' . It is more of a 'Trading Focus' . That is I try to buy 1 stock at a time for trading. But I do it mainly because of my limited funds and to try and cut trading fees (my TFSA account budget is around 10K at the moment) . Not to mention, by being focused on one stock at a time, it makes the job a lot easier and minimizes distractions.
Anyone here likes to trade using this approach? how does it work for you?
Have you heard of 'Focus Investing'? The idea is to focus on just one stock at a time, as opposed to 'Diversified Investing' where you invest in many different stocks across different industries to minimize your risk.
Well, I realized this is something I have been doing for months. Focus Investing that is. But to be clear, I shouldn't use the word 'investing' . It is more of a 'Trading Focus' . That is I try to buy 1 stock at a time for trading. But I do it mainly because of my limited funds and to try and cut trading fees (my TFSA account budget is around 10K at the moment) . Not to mention, by being focused on one stock at a time, it makes the job a lot easier and minimizes distractions.
Anyone here likes to trade using this approach? how does it work for you?
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