I have created this blog to update the weekly progress of my portfolio in M1Finance. I have been investing in stocks since 2013. While I have assets in other brokerages, I wanted to try M1 Finance since they provide features like auto-investing and fractional shares. My plan is to have a weekly deposit of $1000 and have the fund auto-invested into the pie I built. Consistent and passive investing can beat those who try to time the market.
I find investing in index funds boring even though it gives you diversification. It is probably too much diversification. I am planning to hold about 30 stocks/companies in my portfolio. After all, you don’t need that many stocks to diversify since you do not get much of a difference in risk-taking after 30 stocks as you can see from the graph below.
With dollar-cost averaging and always being in the market, I believe my portfolio can beat the market in the long term. I will use this blog to prove my point and hopefully achieve financial independence.
Below is the interactive chart for my portfolio growth.
Links
- My Portfolio
- M1 Finance Referral – Get $20 when you sign up
- OMW2FI Portfolio Growth Tracker
- Coinbase Referral – Get $10 worth of free Bitcoin
- Coinbase Earn – Get $10 worth of EOS in 10 minutes
- Coinbase Earn – Get $10 worth of XLM in 10 minutes
- Crypto.com Referral – Sign up for $50 worth of CRO coin
- Personal Capital – Free Wealth Management. Get $20 when you use the link to sign
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