what was this number for stocks?

Year ago when I read about some traders I read somewhere if you held over X number of shares you could not outperfrom the market averages. I think it was 8..but I am not 100% sure.

Can anyone shed any light on this?

What was that number and is tue?

Thank you

 

Aren't you talking about the number of different stocks rather than shares

 

number of positions in stocks....lol a $50,000 account will hold alot less shres than a $10M account.

There was a statisical number where they said if you held more than X postions in the stock market you could never outperform it (you are the averages) I think it was 8.

So it begs the question....how the hell does anyone beat the averages without gambling?

 

30 diversified stocks gets you pretty close to the market.

 

so that number is 30? As high as that?

Any add to it?

 

You are incorrectly assuming that any 8 or 30 stocks you may select are on average, average performing.

The truth is depending on your selection, you may significantly under perform the index as well as outperform.

-Kid

 

yeah - after 30 stocks there is no systematic risk (if i'm not wrong)