Quote:
Originally Posted by SSLance
I have 11 holdings (12 if you count cash). Each of my 11 are currently valued at around 5% of my total except for 3 which are 2.5-3% of my total.
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Lance's post reminded me of a question that I have been wanting to ask. If Lance owns 11 stocks with each being 5% of his total wouldn't that be 55% total?
If I have $20,000 in the market and own 10 stocks with each having $2,000 value per stock my percentage is 10% per stock. How do I get down to 5% per stock without adding more stocks to get to 20 total stocks at 5% each =100%.
I hope this makes sense.
Thanks, Jarrod