Right now my account balance at 23yrs old is 30k.
Will be managing around 100k in a few months time due to selling some assets.
My money management has been very bad in my early years because I was trying to make $2000 into $4000, and $4000 into $8000.
Did not want the average market return(7%) with a $2000 account.
Anyways as my account size has gotten bigger, I realize I can't put all my eggs in one basket. Are there any specific diversification percentages you guys recommend based on account size?
I'm thinking of leaving 25-30% to trade actively/options etc. And the other % for passive.
For the passive portfolio however, how much % should I allocate to each stock?
Currently in my 30k portfolio I am buying around $2000-$2500 worth each in a stock I like which equates to 6-7%.
And when I start managing 100k, what % will it need to be?
Will be managing around 100k in a few months time due to selling some assets.
My money management has been very bad in my early years because I was trying to make $2000 into $4000, and $4000 into $8000.
Did not want the average market return(7%) with a $2000 account.
Anyways as my account size has gotten bigger, I realize I can't put all my eggs in one basket. Are there any specific diversification percentages you guys recommend based on account size?
I'm thinking of leaving 25-30% to trade actively/options etc. And the other % for passive.
For the passive portfolio however, how much % should I allocate to each stock?
Currently in my 30k portfolio I am buying around $2000-$2500 worth each in a stock I like which equates to 6-7%.
And when I start managing 100k, what % will it need to be?
