No. of Recommendations: 0
Is this enough diversification? Wider or deeper? I have six DRIPs which I am generally pleased with. My oldest one is BWA which I have had for 3 years, the others (KEY, HNZ, WEC, UST and MODI) I have had for about two years. I have monthly purchases of $100 for the 5, only $50 a month for BWA as I have had it longer. I also put $100 a month into ibonds. In the next year I expect to pay off my mortgage and will have some funds available to invest. I am trying to decide whether to add more DRIPs or add more to my current DRIPs. I like the idea of diversification and there are some good companies recommended on this list and elsewhere. But I do not want to get stretched too thin on monitoring too many companies and I am satisfied with the companies I have.
So I am asking for opinions about my collection of DRIPs and whether to add more DRIPs or add more money to my current DRIPs.
Some other info. Based on my age (54) I expect I would add funds for about 5 years, hold the funds for another 5 years and then either sell them or at least use the dividends for living expenses. In theory I would like to add a REIT DRIP but figure this is exactly the wrong time to get into real estate. I do have funds in my 401(k) that are essentially S&P 500 and other indexes.
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