Comments on: I Will Teach You to Be Rich http://www.thedividendguyblog.com/i-will-teach-you-to-be-rich/ One Guy's Journey to Passive Income Through Dividend Investing Fri, 10 Feb 2012 13:02:29 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Adam http://www.thedividendguyblog.com/i-will-teach-you-to-be-rich/comment-page-1/#comment-56118 Adam Thu, 06 May 2010 00:26:00 +0000 http://www.thedividendguyblog.com/?p=123#comment-56118 I've always been more of an "all eggs in one basket" type of guy, and as long as you are watching things closely this will make you much more money in the long haul. Diversification is for those that need to play it safe and don't understand how the market works. I’ve always been more of an “all eggs in one basket” type of guy, and as long as you are watching things closely this will make you much more money in the long haul. Diversification is for those that need to play it safe and don’t understand how the market works.

]]> By: Mark http://www.thedividendguyblog.com/i-will-teach-you-to-be-rich/comment-page-1/#comment-12977 Mark Sun, 25 Feb 2007 07:23:29 +0000 http://www.thedividendguyblog.com/?p=123#comment-12977 The Iwill... blog is interesting, but Ramit blog's combination of peeks into the lifestyles of the rich and infamous and sound financial advice is both provocative and immature. Trying to redefine economic concepts such as diversification away from academically accepted numbers of stocks towards a smaller number of more carefully watched stocks is nonsense. As I recall (presently, his site does not go to the link, but I remember reading it), he insulted his friend's shirt, and then called his sound approach to investing stupid. The first comment is not blog-worthy. The second, wrong. Ramit's site has some interesting nuggets, but take what he says with a grain of salt. The Iwill… blog is interesting, but Ramit blog’s combination of peeks into the lifestyles of the rich and infamous and sound financial advice is both provocative and immature. Trying to redefine economic concepts such as diversification away from academically accepted numbers of stocks towards a smaller number of more carefully watched stocks is nonsense. As I recall (presently, his site does not go to the link, but I remember reading it), he insulted his friend’s shirt, and then called his sound approach to investing stupid. The first comment is not blog-worthy. The second, wrong.

Ramit’s site has some interesting nuggets, but take what he says with a grain of salt.

]]> By: Aditya http://www.thedividendguyblog.com/i-will-teach-you-to-be-rich/comment-page-1/#comment-709 Aditya Wed, 03 May 2006 13:04:10 +0000 http://www.thedividendguyblog.com/?p=123#comment-709 Dear Sir, I like your blog . Keep updating. Please visit my similar blog. - http://indiamf.blogspot.com regards Aditya Dear Sir,

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]]> By: yielder http://www.thedividendguyblog.com/i-will-teach-you-to-be-rich/comment-page-1/#comment-702 yielder Mon, 01 May 2006 13:55:10 +0000 http://www.thedividendguyblog.com/?p=123#comment-702 I would strongly, strongly disagree with holding 5 stocks. Ten is dicey; 20 is better especially if you are investing for dividend growth. Concentrating a portfolio may work for Warren Buffet who is able to know management the way that no amount of "doing your homework" will ever be the same thing. Because you cannot know the company at the level that Buffet does, his kind of concentration is extremely risky for the retail investor. Are you willing to lose the income and take the capital hit that a dividend cut will lead to? I agree that you can hold too many stocks but I don't think that indexing is better than reasonable diversification. If you can't analyze stocks or don't have the interest or the time, then something like XDV and no stocks at all makes sense. I would strongly, strongly disagree with holding 5 stocks. Ten is dicey; 20 is better especially if you are investing for dividend growth. Concentrating a portfolio may work for Warren Buffet who is able to know management the way that no amount of “doing your homework” will ever be the same thing. Because you cannot know the company at the level that Buffet does, his kind of concentration is extremely risky for the retail investor. Are you willing to lose the income and take the capital hit that a dividend cut will lead to?

I agree that you can hold too many stocks but I don’t think that indexing is better than reasonable diversification. If you can’t analyze stocks or don’t have the interest or the time, then something like XDV and no stocks at all makes sense.

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