What do you think about these stock picks?
I'm going to invest 15,000. Half would go to gold coins. The other half would go to stocks like Apple, Google, Coke, CAT, AEP (It's a utility stock).
I want to keep these stocks for thirty years but cash the gold within 10 years. I'd like medium risk, I can take the risk because the money isn't really needed.
What do you think? Any particular news that I should know?
- tjfinvestorLv 49 years agoFavorite Answer
I think you should consider ETFs or mutual funds. Because it is difficult to have a diversified portfolio starting with $15,000 i.e,. 5 holdings is not a diversified portfolio, your stock picks are good stocks but, just think about it Google (GOOG) is selling at $576 a share so you can buy less 10-15 shares, APPL is at $335 so ditto. If you buy into ETFs or Mutual funds you can get a diversified portfolio with just one buy e.g., total stock market ETF from Vanuard, Schwab, ishares etc. In my opinion you need to have at least $50,000 in order to be able to purchase enough stocks to have a well diversified portfolio of 15-20 positions. Also, the days of buy and hold for 10 years is over.
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