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How many stocks should I have in a portfolio?

Today I'm gonna address this question...

Hi, welcome to the #AskDrWealth series!

We run a lot of investor education and

we receive a lot of questions from the students.

One of the most popular questions of all is;

How many stocks should I have in a portfolio?

So today I'm going to address this question.

I'm Alvin, the founder of Dr Wealth.

So let's begin now.

Let's imagine there's 2 person:

Investor A and investor B all right

say investor A only have five stocks

in his portfolio,

while investor B has 30 stocks.

So you can say one is more concentrated while

B's portfolio is a lot more diversified.

And imagine they equally weight their portfolio

so which means,

for A, each stock represents about 20% of the portfolio

and B is about 3% okay?

So in this case right...

a lot of people would think that

having 5 stocks is better than

having 30 stocks...

because having 5 stocks means

you have less stocks to monitor,

you require less effort to do so.

But actually we beg to defer because

for A,

in this instant is that,

let's say one of the stock goes terribly wrong and

say it's a fraud...

so the stock goes to zero.

What happens is that...

A would actually stand to lose 20% on this portfolio

while if, B has the same exact stock as A,

which turn out to be a fraud,

and goes to zero,

he will only lose 3%.

Which means for A,

it is a very unforgiving portfolio.

So which means A would have to

technically do a lot more work

to ensure that the stock picks are very correct

else he's gonna suffer major losses.

For a concentrated portfolio,

actually one has to do more work

then a diversified portfolio.

So that's point #1.

And for point #2,

is that there are advantages for concentrated portfolio.

And now let's explain that.

Let's say, we draw a time series here.

The vertical axis being the "amount of profits"

or "portfolio value".

And here is the time series.

Let's say, the zero point is here.

So you can either make money

or you can lose money in your portfolio

as time goes by.

So for example,

on the concentrated portfolio,

you can see that the growth

can be very fast on the upside

and it can also be very bad on the downside.

Let's use 'green' for a diversified portfolio.

So let's say you start from the same point,

you don't expect the growth for the portfolio to be

as good as a concentrated portfolio,

if they got the stocks correct.

Likewise, the downside is also lesser,

if they get things wrong along the way.

So which means the diversified portfolio

you have lower downside

which we have mentioned previously in point #1,

but it also have lesser upside,

compared to a concentrated portfolio, in this case.

So in other words, if let's say you are someone who

is willing to go for higher returns,

you need to be able to stomach greater risk.

Wssentially that's what is trying to say.

So it depends on how you want to see it.

I would say that if you're an experienced investor,

it makes sense to do a concentrated portfolio.

But if you are a beginner,

you should be doing a diversified portfolio

it goes back to point #1,

that it is a more forgiving portfolio

if you diversify your stocks,

while it is more unforgiving

if you concentrate your position.

So I would say, if you want to

be a good investor,

you can aim for a concentrated portfolio.

And if you're beginner,

go for a diversified portfolio.

And the next question that we usually get is

How many stocks is considered as 'diversified'?

So research has found that golden number is

actually 15!

If you have 15 stocks in different sectors and industries,

you would have reduce your unsystematic risk

or in other words stock picking risk,

by 90%!

So anything above 15,

you have marginal benefits of diversification.

If you are starting out,

and you want to buy stocks,

I think you should have minimally 15 stocks

in your portfolio for start.

So that's my answer to this question.

I hope that you have a greater understanding on portfolio diversification.

For more infomation >> How Many Stocks Should I Have In My Portfolio | #AskDrWealth - Duration: 4:48.

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"How many of you can think of marrying a person with disability?" | Manju Sharma | kanthari TALKS - Duration: 9:46.

For more infomation >> "How many of you can think of marrying a person with disability?" | Manju Sharma | kanthari TALKS - Duration: 9:46.

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How Many Chinese Spies Are in the US? - Duration: 13:02.

On this episode of China Uncensored,

the head of the FBI has warned

that the CCP has spies

all over the United States—

including people who appear to be

ordinary students and employees.

Hi, welcome back to China Uncensored.

I'm your host Chris Chappell.

You know, some people call me paranoid.

At least that's what I imagine they're saying

behind my back.

But let me tell you,

you may laugh at this tinfoil hat now,

but I've heard from a very reliable source,

there are spies!

Spies everywhere!!!

Oh no, my source isn't the homeless guy

down on 10th avenue.

I'm talking about head of the FBI Christopher Wray.

"One of the things we're trying to do

is view the China threat as not just

a whole of government threat,

but a whole of society threat on their end."

Oh whoa, all Chinese people are a threat?

That sounds like something

my racist uncle Ted would say.

I mean seriously,

the head of the FBI is basically saying

Americans must band together

to resist the yellow menace?

I haven't heard anything that racist since...

the 1943 Batman movie.

"Known as Little Tokyo.

Since a wise government rounded up

all those shifty eyed Japs…"

Whoa, that was a dark night.

But back to FBI Director Christopher Wray.

He was speaking at

Senate Intelligence Committee hearing.

And China was a big concern.

"The biggest issue of our time...

is China and the risk they pose.

I'm not sure in the 240 some odd year history

of this nation we have ever faced

a competitor and potential advisory of this scale,

scope and capacity.

Wray and other leaders of US Intelligence agencies

like the NSA and CIA released this report,

detailing the biggest threats facing the United States.

And China is named dropped a lot.

Cyber espionage, intellectual property theft,

space weapons, drug warfare—

it's not looking good.

Also, the intelligence community

does not think you should buy

Chinese cell phones,

because they could be spying on you.

And when it comes to spying,

the NSA probably knows what they're talking about.

But it was Christopher Wray's comments

about Chinese students studying in the United States

that got some people's backs up.

"Use of non traditional collectors,

especially in the academic setting,

whether it's professors, scientists, students..

.it's across basically every discipline,

and I think the level of naivete

on the part of the academic sector

about this creates its own issues,

they're exploiting the very open

research and development environment

that we have, which we all revere,

but they're taking advantage of it."

The idea that all Chinese students are

potential spies for the Chinese Communist Party

is a bit shocking.

Especially to China's Foreign Ministry.

"I don't know where the United States'

sense of insecurity comes from."

Well, that sense of insecurity

probably comes from the fact that

the Chinese Communist Party has been

actively trying to influence

and infiltrate the United States.

The CCP has documented this

in its own strategic papers.

The way Christopher Wray explained it,

he said that it's not just official CCP agents

doing the infiltration and spy work.

It's "non-traditional intelligence collectors"—

like Chinese students at American universities,

and Chinese workers inside American companies

who are gathering small pieces of intelligence

on a large scale.

Christopher Wray's statement has upset

a lot of Chinese communities inside the US.

The organization United Chinese Americans said,

"painting all Chinese students

and indeed Chinese in America

with such a broad brush

as a national security threat

is paranoid, inflammatory,

un-American, and simply wrong."

The Organization of Chinese Americans called it,

"Dishonest and insulting."

And John C. Yang,

head of Asian Americans Advancing Justice,

told the Daily Beast,

"We cannot have every Chinese student or scientist

assumed guilty until proven innocent

of a national security threat."

So was the director of the FBI onto something,

or was he just being racist and paranoid?

For more on this,

I'm joined by China Uncensored's

senior Chinese person,

Shelley Zhang.

Shelley?

Thanks, Chris.

So Shelley,

was FBI director Christopher Wray

being very racist?

Or just a little bit racist?How about not racist?

But he said that all Chinese students

are a potential threat.

That's not what he said.

He said that the Chinese government

uses students and other academics as spies.

And that's not racist Chris,

it's just true.

You mean there really are

spies everywhere?

Where did I put that tinfoil hat?

Calm down.

We're not talking about James Bond, here.

Sure, the CCP uses professional spies.

But they also use part-time spies.

Part-time spies?

What, like they need some extra cash on the side?

Or they're pressured into it,

or told they're fulfilling their patriotic duty.

These aren't professional spies.

They're just ordinary students,

or employees,

or business owners who are in the US

for legitimate reasons.

The CCP just asks them to pass on information

every once in a while.

What kind of information?

Maybe you're a grad student

doing research in a lab.

Maybe you just take a few photos

of what you're working on

and send it in an email.

Are there a lot of these

unprofessional spies?

Well, it's hard to know.

But according to this article,

a Chinese diplomat who defected said last year

that Australia had about 500 professional spies,

and up to 700 of these part-time spies.

That might not sound like much,

but if the CCP has the same number in the US,

adjusted for population,

the US would have about 16,000 Chinese spies.

16,000 sounds like a lot of spies.

And I assume there could be even more here

because America is way more important than Australia.

Riiight...

But remember that there are more than

330,000 Chinese nationals studying in the US,

so it still would be a very small percentage.

So on a scale of one to infinity,

how worried should we be

about Chinese spies in the US?

Not that worried.

That's not the answer I was expecting.

Look, should we be aware of

what the CCP is doing?

Yes.

And it's important that the FBI is on it.

But most of us aren't in a position

to stop Chinese spies.

Hey, speak for yourself.

Ok, sure.

Look, I think the Asian American groups

were overreacting to what the FBI director said.

But they're also right in that we shouldn't start

another yellow peril red scare.

We can't suspect every Chinese person

of being a spy.

I was born in China.

Does that make me a spy?

I don't know.

Does it?

Are you serious?

Hey, you're the one who brought it up.

Ok, you got me.

The Communist Party secretly trained me

in espionage tactics until I left China

when I was three years old,

and since then I've been playing the long game.

First, I waited for YouTube to be invented.

Then I joined a YouTube channel

that exposes the Chinese regime.

Now I'm just waiting for the day

when I can take over the channel

and start broadcasting communist propaganda.

I can't believe you just said all that.

I'm not a spy, Chris.

Oh, I believe you.

You would make a terrible spy.

You just admitted everything!

Yes I did.

There is something that FBI Director Wray

talked about though,

that's even more important for Americans

to know about.

The CCP's influence activities.

How is that more important

than worrying about spies?

The Party puts a lot of effort into influencing

how the rest of the world sees China.

And they can do it in sneaky ways

that are hard to detect.

Like using the Confucius Institutes,

which the Chinese government sets up

in foreign schools and universities

to teach a version of Chinese culture

that's approved by the Communist Party.

I still think spying is a bigger issue.

Well, they're actually kind of related.

This is what Director Wray was talking about

when he said the FBI viewed

what the CCP is doing

as a "whole of society" threat.

Whether it's spying or propaganda,

the CCP will use all of Chinese society

to get what they want.

Here's another example.

The Chinese Students and Scholars Associations—

or CSSAs.

These groups are set up in universities

across the United States.

On the surface,

they exist to support Chinese exchange students,

organize fun group activities,

and so on.

But the CSSAs can also be

connected to the Chinese government

and help spread the Party line on China issues.

According to a defector

from China's Ministry of State Security,

the CCP views CSSAs as "information collection"

and propaganda organizations.

So they're part-time spying on us?

No.

Well, maybe some people are.

We don't know.

But we do know that CSSAs definitely help

the CCP push certain views.

Like last year when the Dalai Lama

came to speak at UC San Diego,

the CSSA there kicked up a fuss...

after coordinating with the Chinese Consulate in LA.

And this isn't something new.

In 2007,

a human rights lawyer

came to Columbia University

to give a speech about

forced organ harvesting in China.

The CSSA organized Chinese students

to protest that, too.

On the Columbia University CSSA's website,

they boasted that their constitution was reviewed

by the local Chinese consulate,

and their advisory board consisted of two members...

also from the Chinese consulate.

Wait a minute, these CSSAs

are directly working with the Chinese government?

Some of them are.

This Foreign Policy article showed that

the Georgetown CSSA gets half of its annual

operating budget from the Chinese Embassy.

People have been digging up other links as well.

Here's a video from the George Washington University CSSA

saying that they are directed by the Chinese Embassy,

found by the same reporter.

The University of Tennessee CSSA

says they get funding from the Embassy.

They also require members

to believe in the one China policy.

The Southwestern CSSA,

which is an umbrella organization that includes

CSSAs from 26 US universities,

requires any candidates running for office

to be approved by the Chinese Consulate in LA.

I could go on.

Please don't.

A lot of those statements you showed

are in Chinese.

Yeah, they don't always translate them to English.

Are they trying to hide their links to the CCP

by using a language spoken by 1.3 billion people?

These people would make terrible spies.

Well, remember, a lot of the spying going on here

is actually the CCP using Chinese students

to spy on each other.

Just to make sure that they're

not doing anything out of line.

Here's a case of a Chinese student activist

who recorded a call from the Chinese police

asking him to spy on fellow activists.

Chinese students in Australia

have found things they said in class

were reported back to the Chinese police

by other students.

Think about it.

Having something you say

in a college class outside China

reported to Chinese authorities.

That's awful.

I wouldn't want to be held responsible

for anything I said in college.

Ok, so you've convinced me that this is

an issue that's at least as important as spying.

Is there anything we can do about this?

Well, obviously we should all expose

what the CCP is doing.

But besides that,

I think the most important thing we can do

is to separate the CCP

from ordinary Chinese people.

We need to understand that the Communist Party

has a very specific agenda

that they use Chinese people for.

But we shouldn't blame all Chinese people

for what the CCP is doing.

But that's not the way

a lot of Chinese people see it.

Well, that's true.

The CCP has done a great job

of making Chinese people think

that the Communist Party is the same thing

as the country, and the people.

If we do the same thing,

we're helping them.

Look, imagine being a Chinese student

here in the US.

It's a completely different language and culture.

You can be pretty isolated

from mainstream American society.

And you're constantly told,

by Chinese media,

by the Chinese education system,

by your friends,

that America just wants to keep China down—

and therefore keep you down.

If people start calling you a Chinese spy,

doesn't that just make you believe it's true?

So what are you saying?

I'm saying:

Don't vilify Chinese people.

Treat them like individuals.

Isn't that part of what

makes America great?

So you're saying we should...

make America great again?

Why do I even bother?

Thanks Shelley.

So what do you think?

Leave your comments below.

Once again, I'm Chris Chappell.

See you next time.

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For more infomation >> How Many Chinese Spies Are in the US? - Duration: 13:02.

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Sing and Sign How Many Legs | ASL Baby and Toddler Song - Duration: 1:56.

how many legs does your favorite animal half well my favorite animal is a cow

and they have four legs so sing and sign along with this song and figure out and

learn about how many legs all these different animals have

cows they walk hard for makes mommy walks onto

no lace how many legs have you won two

he's won four makes daddy walks or two

know how many legs have you - so how many legs does a cow have they have four

right so make up your own verses think about animals that have four legs or six

legs you could do that and what animals that have no legs would be like a worm

or a snake so make it make it fun sing it any way you want