Hi,
Does anyone currently have any high conviction long-term stock picks where you have allocated say as much as 20-30%+ of your overall portfolio to a single stock, with the expectation of it eventually being multi-bagger?
Or have you done so in the past with success or failure?
I don't have any currently, but a couple of years ago I started my SMSF with the full amount (which was very small after years of no contributions being self-employed) invested in the big 4 banks, so 25% for each one.
CBA was $50.10 at the time, so this strategy worked out ok, but it was more luck than skill as I knew little about shares and just picked what I thought was the most obvious shares for a beginner.
Thanks.
Does anyone currently have any high conviction long-term stock picks where you have allocated say as much as 20-30%+ of your overall portfolio to a single stock, with the expectation of it eventually being multi-bagger?
Or have you done so in the past with success or failure?
I don't have any currently, but a couple of years ago I started my SMSF with the full amount (which was very small after years of no contributions being self-employed) invested in the big 4 banks, so 25% for each one.
CBA was $50.10 at the time, so this strategy worked out ok, but it was more luck than skill as I knew little about shares and just picked what I thought was the most obvious shares for a beginner.
Thanks.
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