RE:worst stock I have owned.I am actually quite shocked at how many people hold only a few stocks. I don't believe in total diversification like mosy finanacial advisors do, but it seems pretty obvious to me that if you want to avoid all those should have, could haves and minimize your stress, then you want to own 10-20 or so companies in 4 or more sectors.
It's each to his own but if you are always second guessing yourself and feeling a bunch of stress then it might be time to either just buy index or balanced ETFs or use a more diversified stock approach.
Investing for the long term isn't rocket science. It's actually very simple. My suggestion would be to buy 2-4 blue chippers in these 4 sectors - banks, utilities, midstream, and telecom. If you are a retiree leaving off dividend income, then add REITs.
Simple as that. :-)
Ciao
Sarge
prabhatmalik wrote: I should have bought banks in December . Canadian Banks are up 70 to 80% and are still going up. Thinking of selling all Enbridge just before the next dividend.
Big mistake.