When you say 10% of a stick you mean 10% of the 3,000 allocated
10/9/2024 09:35am
Apologies for the confusion. When I mentioned "10% of a stick," I was referring to 10% of the $3,000 allocated for new investments. Here's the breakdown of the changes based on that 10% allocation:
1. **Current Portfolio Analysis**:
- The total portfolio value is $3,000.
- To diversify, we will allocate 10% of $3,000, which is $300, for new investments.
2. **Recommendations for Changes**:
- **Sell**: Consider selling up to 10% of the larger positions like NAMS and ACCD, which could be up to 300 shares each, to rebalance the portfolio and make room for new investments.
- **Add**: Introduce new stocks with the $300 allocation, spread across different sectors and asset classes, to achieve better diversification.
- **Hold**: Continue holding Ford and GBXI, but monitor their performance and consider reducing exposure if they do not align with your investment objectives.
3. **New Investments**:
- **Technology Sector**: Invest $100 in Alphabet Inc. (GOOGL).
- **Consumer Staples**: Invest $100 in Procter & Gamble (PG).
- **Financial Sector**: Invest $100 in JPMorgan Chase & Co. (JPM).
- **Healthcare Sector**: Invest $100 in Eli Lilly and Company (LLY).
- **International Stocks**: Invest $100 in Nestle SA (NSRGY).
This approach will allow you to diversify your portfolio, aligning with your high-risk tolerance and monthly investment goals, while making use of the $300 allocated for new investments.