KEYS FOR CONCENTRATING YOUR PORTFOLIO
5 great tips from our partner Paul Essen
When managing your portfolio, keeping it concentrated can be key.
Our partner Paul Essen who runs Paul vs. The Market put out an article yesterday about why he made major changes to his portfolio. Here are 5️⃣ quick tips from our notes:
1️⃣ While industry disruptors are underdogs worth betting on, sometimes there are more advantages to owning shares of a leading demand-side platform as compared to the “second best” company. ⚖️
2️⃣ Finding the sweet spot where you can diversify to take advantage of opportunities while still keeping a close eye on your investments can make all the difference! Paul keeps his list at about 20, ideally.
3️⃣ Don’t let yourself fall for unwarranted hype, especially when it comes to companies that are newly public. It’s easy to have dreams of owning a revolutionary stock, but oftentimes it’s smarter to wait and see how it performs.
4️⃣ Be “fearful when others are greedy, and greedy when others are fearful.” When there looks to be pessimistic investor sentiment for stocks that have high long-term growth expectations, like @Redfin, it can present a buying opportunity.
5️⃣ People claim that remote work has run its course. Paul is confident that it’s here to stay. He added some more shares of a company, betting on the success of video calls and long-distance teams.
Find out more by reading the article on his site:
Check out Paul's Freedom Portfolio
💥 Bonus💥 Find Paul’s “Freedom Portfolio” on Stock Card and follow it to stay updated when he adds his newest stock picks. It's currently up an average of 250%! ⬇️