Go for it mate ...the market needs people with heaps of exuberance to keep it rising
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Very, very close to my self imposed 10% portfolio limit already mate. (Note to self, no matter how tempting the opportunity I must, must, must stick to my own rules) Old dogs can learn new tricks and this one learned during the GFC never to stick your neck out too far with any one investment in case you're wrong and get a really serious hair cut.
I think this whole risk mitigation for my money, (portfolio spreading) is age related. When you're young you can afford huge risks and putting all or nearly all your eggs in one basket. At various stages of one's life the risk mitigation should start to come into play especially once one is within about 10 years or so from retirement or in semi retirement or retirement already. Hopefully by one's mid 50's for example, there's no real need to take untoward risks and one is already well positioned. (You reading this Couta1 ?).
Some people ran for the hills about 2 years ago when Trump was elected and I don't mind admitting I was one of them. It cost me a bit but I didn't stay out for long.
Yes Trump certainly was a "Black Swan" event we all got wrong.!
No the posters going 100% cash was well before that.
The trouble is that if I had held my previous undiversified approach I would be massively better off than I currently are, selling off my outrageous sized positions too early has been my biggest mistake.Lol.PS-I finally learnt my lesson and have held my XXXOS sized position in HLG for near a year now and refuse to be Beaglised out of it.PPS-I need to get back to investing like I ski.