Damien Talks Money's video: How Many Stocks Should I Own

How many shares in different businesses should we own? In today's video we explore the idea of diversification and see if we can come up with a simpler way to look at it. Let's look at: What is diversification? What is an acceptable level of diversification? Can you have too many index funds? Can you have too few shares? Why not just pick the best companies? What Warren Buffett says about diversification? 💰 Would you like some free bitcoin? Https://coinbase.com/join/jordan_53q?src=ios-link 🎫 Trading 212 free share link Create a Trading 212 Invest account using this link https://www.trading212.com/invite/Gbassinv or use promo Code: Gbassinv if the link doesn't work Freetrade free share https://magic.freetrade.io/join/damien-talks-money My Insta is Damientalksmoney if you want to DM me! I reply.. because I'm sound like that. 🕑 Timestamps: 00:00 - Have you ever? 00:58 - Todays video 01:37 - Diversification defined. 02:19 - What the academics say about diversification. 04:55 - Why I think diversification is like Pokémon. 05:50 - What Warren Buffett has to say 06:05 - We need to be real with ourselves. 08:10 - What I do 🎬 Do you want to make videos like me? The Gear I use: Background: https://amzn.to/3fO3ArL Background stand: https://amzn.to/2F9vhPo - Make sure you get the right size! Tripod: https://amzn.to/3iq8YmJ is easily the best tripod I have used. Very sturdy. Audio: https://amzn.to/2EmJeJ9 Lighting: I use this facing me directly, set to the lowest setting https://amzn.to/33Kscj5 I light the backdrop with this: https://amzn.to/2Dwz4pA Camera: I currently use a Galaxy S10.. The Visuals: I use Story blocks for all the sexy B rolls. The sounds: Epidemic sound is where I get all my Music and sound effects – for a 1 month free trial click this link! https://www.epidemicsound.com/referra... 📚 5 books to shape your financial future: Either click the link for the book or use this link for a free trial on audible and then you can just listen to them all! https://amzn.to/34ThMy5 The richest man in Babylon: https://amzn.to/33Icvsq An engaging tale that teaches the fundamentals of saving and attitudes you should have towards money. I listen to this at least once per year. A random walk down Wall Street: https://amzn.to/31CXfud Let Burton Gordon Malkiel, explain everything you need to know about trying to beat the market. Rich dad poor dad: https://amzn.to/2PHweQZ There is a reason this features on all lists of the best books. You will walk away from this truly understanding the importance of income producing assets. The Millionaire next door: https://amzn.to/2Dth13B I love this book because it destroys the conventional perception that all millionaires are one type of person. Read this and you will so realise being a millionaire is well within your grasp! The 4 hour work week: This is the book that inspired me to build multiple income streams. https://amzn.to/2YUSZ8P 📹 My Videos: Premium Bonds: https://www.youtube.com/watch?v=jVlaV... The options for investing explained: https://www.youtube.com/watch?v=h2xVk... How to stop your investments being taxed: https://www.youtube.com/watch?v=kA9W7... Investing in stocks and shares: https://www.youtube.com/watch?v=yG5pl... Disclaimer: Any information provided in this video is meant purely for entertainment purposes and does not constitute any form of recommendation, They are simply my opinions. If you want financial advice tailored to your circumstances please consult with a licensed professional.