RE:RE:RE:general stock commentThanks Sarge, as always I read your posts with great interest.
I say with great interest because I'm quite inclined to your style of investing, yet have encountered resistance from others or the media regarding some of the methods. For example, I have always liked investing in Canadian companies that pay good dividends, and yet many say that you should diversify throughout the world . . . you know the old argument that Canada only controls 3% of the world's equity investments. I've never felt comfortable buying foreign stocks; I don't know enough about them, and I don't like the loss of the dividend tax credit as well as other bookeeping challenges.
I've also been inclined to invest 95% equities and 5% cash, something I've also been criticized for.
So I like your style, and it reconfirms my own thinking.
Is it really true that many people only have 2 or 3 stocks? Could you have a retired person with a 1 million portfolio that only has a few stocks? THAT would be putting all your eggs in a tight basket!