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Limit the number of companies in your portfolio to the number of hours you have per month to analyze them

Rick Rule
Retail investors should limit the number of companies in their portfolio to the number of hours per month they are willing to spend on research and knowledge maintenance for each of those companies.

  • Good guidance to make sure you are adequately understanding, analyzing and keeping up to date on any investments you have
Example:
  • If you have 5 hours per month to spend analyzing a given portfolio of stocks, you need to allocate 5 hours per month to that portfolio

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