The Risk of (Individual) Stocks
Ben Felix
@benfelixcsiAbout
I post videos on investing, financial decision-making, and living a good life. My name is Ben Felix. I am a Portfolio Manager and the Chief Investment Officer at PWL Capital. I am a CFA charterholder and CFP professional. I am securities licensed in Canada by CIRO. All channel content is produced and owned by PWL Capital Inc.
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Video Description
A lot of investors hold concentrated positions in individual stocks. This can happen when you hear Charlie Munger say that “diversification is for the know-nothing investor” without realizing that he’s talking about you, or for other reasons like being part of a company that went public and holding onto your stock, or owning stock in an employer that has performed so well that it becomes a large part of your portfolio. In any case, I don’t think people are aware of how risky individual stocks are. ------------------ *Meet with PWL Capital* https://pages.pwlcapital.com/en-ca/contact-us?utm_source=content&utm_medium=youtube&utm_campaign=benfelix_yt Avoid Online Scams: https://pwlcapital.com/stay-safe-online/ *References* https://zbib.org/7c056de3584a4b50b790b7f401121f60 *Video Chapters* 0:58 Main Content 2:49 Individual Stock Returns 6:27 Why People Own Individual Stocks 8:48 Do Stocks Outperform Treasury Bills? 10:09 Underperformance of Concentrated Stock Positions 13:54 How Many Stocks Should You Own? 17:04 Barriers to Diversifying Concentrated Positions *Related Videos* The Case for Index Funds https://youtu.be/Nv5CiRSCVxA Picking Stocks https://youtu.be/AecvTErBQY8 *Check out my weekly podcast* @rationalreminder
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