Questions for TJH290633
Posted: July 19th, 2020, 8:21 pm
I believe TJH290633 has been constructing and maintaining his portfolio for many years - and crucially has kept very detailed records since the start.
I'm interested to know what his rules are with respect to constructing and maintaining an HYP.
John Lee's book 'How to make a million slowly' has a list of his 10-15 or so golden rules. What would yours be?
1. If you were constructing it from scratch at the very start, how would you go about it? Assume regular contributions here.
2. At what number of companies is it time to stop?
3. What maintenance do you do? I know you 'tinker'. So what processes do you follow? I see comparison with the median, but anything else? If a company is in distress, does it get the boot? If you get a feeling in the water, does it go? What about dividend cutters? Stop losses? Do you take a view on the economy? (E.g. Airlines are possibly facing an existential threat. Do they get the boot?)
4. An ISA, standard account, SIPP or certificated? Do you go above the FSCS limit?
So many questions, but I think there's a lot to learn.
I'm interested to know what his rules are with respect to constructing and maintaining an HYP.
John Lee's book 'How to make a million slowly' has a list of his 10-15 or so golden rules. What would yours be?
1. If you were constructing it from scratch at the very start, how would you go about it? Assume regular contributions here.
2. At what number of companies is it time to stop?
3. What maintenance do you do? I know you 'tinker'. So what processes do you follow? I see comparison with the median, but anything else? If a company is in distress, does it get the boot? If you get a feeling in the water, does it go? What about dividend cutters? Stop losses? Do you take a view on the economy? (E.g. Airlines are possibly facing an existential threat. Do they get the boot?)
4. An ISA, standard account, SIPP or certificated? Do you go above the FSCS limit?
So many questions, but I think there's a lot to learn.