FORGET THE HYPE (u said cant afford to lose it all) Read up on asset allocation... take the money and make up a portfolio of uncorrelated stocks to buy Rebalance every 3 months
the reality is that every breath is a little portion of air but fateful... stick to your little money, be patient, at the best you would make new skills on finding new anomalies in the market to accelerate money generation. everything else is nonsense.
The only difference between a small portfolio and a large would be the number of positions and the position size. As a mentor that is one of the things you should stress.
Exactly. Get from each 'student' their written answers to What to You is a 1 Great return 2 Good return 3 Not worth the trouble return 4 A Bad return 5 A Terrible Outcome Tune em up. BTW, do you charge for your services? Maybe ask each to write to you why they are your mentee? To make money? To learn how to manage a portfolio? Both Other.... Prioritize Survey, get on the same page.
Great idea, that way there is a discussion about the expectations of market returns, that's a true gem, Thanks
I started getting involved in the US stockmarket as an investor then. Got my friend to put $250 in a DRIP for Chevron stock back then. Now, that stock is worth thousands of dollars. It pays dividends which is now reinvested in fractional shares. That is the good part of the story. The bad part is my friend did not add one cent to his $250 investment. Now, imagine how much more he would have had now if he just added more monies? Oil is a pretty solid investment as we all need gas to run our cars. Still, he did very well for his $250.