Let me start off by saying I have done endless hours of research on this subject before even diving into investing and I understand your answers will be subjective and that's fine. Just throwing this post out there mainly just to sort of validate my investing plans since I don't really have any real life mentors to bounce ideas off of. I don't have any financial advisor it's just me and QuestTrade.
So right now I only have about 7 grand in the stock market but I'm curious if you think it's better to hold onto 4 or 5 strong shares you stand behind that doesn't completely cover the broad market and just feed those until I start to see bigger capital and THEN eventually branch out to more sectors or should I flat out diversify immediately and grow everything equally? Right now I have some Financials,Tech,Reit, and 2 ETF's that cover Canada and USA. I know the goal is to make sure you're protected with diversity but as a new 27 year old investor with risk tolerance who only earns so much money to contribute I'm not sure if I need to be focusing on growth or my safety net. Let's be real.. most people's goal is to ultimately get to financial freedom faster then longer. I just want to make sure that I'm doing this in a way that will benefit me and not slow me down. Thanks for anyone who takes the time to read this and reply. I appreciate it.
Submitted September 05, 2020 at 07:43PM by bryan754 https://ift.tt/35dQzpV
