So, I just got started using robin hood a few months back, and I've been putting in bits and pieces then and there to start. My confusion is how much I should be diversifying, or if there's a point where its too many stocks to have for growth purposes. Below is a list of my current stocks with reasoning for each (very much so amateur reasoning, it's just so you know where my thoughts are).
Suggestions from family member who's into stocks as good ones to start with:
- ESGV
- VSGX
- ASML
Stocks I chose for varying reasons:
- CEG - nuclear energy related, which I'm a big fan of, and believe is the future
- NVDA - mainly just from the free $5-6 dollars for opening an account. Might add more later
- RYCEY - heard they were up to some nuclear related shenanigans, plus thought would be good to get a non-American company in here given how things are going at the moment.
- VT - heard about this one being good for longer term stuff. This has the biggest chunk of my total
- NUKZ - heard about this one as a group of various nuclear energy related stocks and figured why not
- META - no idea frankly, but I like their VR stuff.
- LMT - saw the Iran stuff going on and figured this would spike (it did not, not sure why)
How am I doing? I'm aware my choices are amateurish and not very thought out, but I'm not operating with real amounts of money quite yet, so I'm treating it like monopoly money that while I don't care about, would be neat if it goes up while I'm still learning. Will eventually get reoccurring investments setup and such, but I'm just unsure if I should continue to find new stocks to add or just add to the ones ive currently got.
Thanks!