Welcome to the team!
First, realign your thinking. Group your stocks according to the 50-40-10 model we describe in “The Money Map Method,” with an emphasis on establishing your Base Builders first – that’s 50% of your portfolio. I recommend starting with the Vanguard Wellington Fund (VWELX).
Next, flesh out your Global Growth & Income choices. These are the globally recognized brands with strong balance sheets and pay above-average dividend yields. They should make up 40% of your portfolio.
And third, once the bulk of your assets are protected and earning a solid return, begin adding Rocket Riders for some extra “spice.” These selections comprise just 10% of your portfolio.
Do not “cherry pick” your holdings- that’s a recipe for disaster. And never chase a recommendation if it’s above a suggested buy-up-to price. Instead, wait for a price dip or a new recommendation. This may be frustrating if you want to get everything rolling at once, but never lose sight of the fact that the market moves in cycles. Chances are, you’ll get another shot sooner or later, so by all means, wait until you can get in without taking on undue risk.