When deciding how much risk to take, an extra 10% of equities can make a big difference. But that extra return will increase the risk of your portfolio. Exploring how much risk you are comfortable with and fine tuning your portfolio to maximize performance per unit of risk is key to having a comfortable retirement.
How many stocks does it take to obtain proper diversification? Can 20 stocks properly protect you, or does it need to be closer to 100, 1,000, or even 10,000? In this week's episode, Paul discusses what it really takes to have a diversified portfolio.
If you hold stock that represents close to 50% of your portfolio, it may be time to reduce your risk and diversify between different asset classes. In this video, Paul explains the risks of holding too much of an individual stock.
Taking the time to write a financial plan is a crucial step in securing your retirement. In this video, Paul discusses how putting pen to paper increases the probability of accomplishing your goals.
