A recent updated study reconfirm the basic premise of my investment management thinking.
A single global index tracker maybe all you need to consider for you exposure to stocks. No stock selection needed. No risk of missing the winning and all for a fraction of the cost of a pricey fund manager.
What this study shows is that the the more concentrated portfolios becomes, the riskier the bet that you can identify the handful of firms that will be the winners, and thus the more sensible it is to simply own them all.
You don’t need to predict which companies will drive the next century. You need to make sure you haven’t left any of them out.
Read more about the study on the link below…..