TSXV:RYU.H - Post by User
Comment by
PeaceCountry427on Sep 04, 2016 10:30am
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Post# 25206545
RE:RE:RE:What he said
RE:RE:RE:What he saidWith all due respect Hockey, I think that 5% rule is terrible advice unless you are a cautious investor nearing retirement. In the words of Warren Buffet: Diversification may preserve wealth but concentration builds weath. Now I certainly would agree that major positions in micro caps such as these are high risk but not in all cases. Most investors will only find a hand full of big winners in their day. When you find one, the smart money is to make it count. I had nearly 60% of portfolio invested in Birchcliff Energy at one point and those gains are approx 300%. A 5% holding would have been much less meaningful. Anyways to each their own, I just wanted to express my opinion for any junior investors who may be swayed by that. GLTA