Originally Posted by
Beagle
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 ?).