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I agree with Fuskie, but note that many use an allocation system to develop a broad, diversified portfolio. A portfolio of growth stocks can be an excellent strategy, but over concentration in one industry or one sector can make you highly vulnerable in a crash.

Pick the industries you like and allocate to your comfort level, but if you are heavy into say tech stocks, don't forget there are quality stocks out there in other sectors too like agriculture, housing, pharmaceuticals, and sometimes even recreational products. A few blue chips can also be a good choice. And don't forget some of those cyclicals that may be due to recover.

This has to be customized to your interests, but its a useful concept to keep in mind.
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