As an investor what else what would you like to read in the Welcome Letter?
Welcome to the Save For Retirement Club! The decision to become a member of this club is the turning point of your life.
Please keep in mind that this is money that you are putting aside for your retirement, thus any money that you invest you need to commit to keep it there for a minimum of 3 to 5 years. Not because your money is locked, but because if you respect this simple rule you will greatly reduce the magnitude of looser positions. This is a marathon, not a sprint!
Your starting portfolio should have, at least 10 different stocks, but ideally 20. When you reach 50 different stocks you can relax and enjoy the ride, because each position will represent only 2% of your money, so in the remote event of a bankruptcy you will lose only 2% of your money. If you only have 10 stocks, you can lose 10%!
Please decide your position size. By position size I mean the amount of money you put in each investment. If you have initial capital of 10.000USD, and you want to start with 20 stocks, you should invest around 500USD in each stock. Ideally you should use this value for all your future stock investments. If you want to increase this value, please remember that you should use more or less the same value for all your future stock purchases. If a stock price is 1.000USD and your investment value is only 500USD, please do not invest! Many opportunities will come, thus it is not an issue to not buy every single recommended stock.
This is the list of your starting stocks. Buy at least 10 from the ones highlighted in green. If you can buy more, first buy all the green ones, and only afterwards you can start buying the yellow ones.
Thanks for joining!