How much of your portfolio is safe to hold in one individual stock?

Well, the general rule of thumb says 5% or 10%, but rules of thumb are often irrelevant at best and can even be harmful at worst.

The right answer depends upon your specific situation, and we're going to cover that and more in today's episode of Ready for Retirement.

This is another episode of Ready for Retirement. This is another episode of Ready for Retirement.

I'm your host, James Knoll, and I'm here to teach you how to get the most of the life with your money.

And now, on to the episode.

One area where I would say my philosophy differs from that of a lot of other financial planners

is many times a financial planner will say do not own individual stocks or if you do keep it to

5% or less of your portfolio.

And while I get the concept or the intention behind it, there's not just a blanket way or

cookie cutter way to look at this and have any idea of saying your ability to hold individual stocks and the appropriateness of it in your portfolio is different than that of someone completely different.

Now, there are parameters that you should follow, though.

So when it comes to holding individual stock and making sure you do so while also have a firmly established and well-defined plan.

It depends on your situation. And so in today's episode, I'm going to cover that. But before we do,

I want to quickly highlight the review of the week. This week's review comes from username Marker V,

and it says five-star, the best financial planning podcast. Great show, straight talk,

understandable and practical,

pragmatic information to help plan for enjoyable life in retirement. Marker V, thank you very much for that review. I appreciate all of you who are taking the time to do so. I read them all.

I get them all. That's important feedback for me. But most importantly, it helps more people

to find this show. So if this

has been helpful to you, if any of this content has, I'd appreciate it if you would share this

podcast with friends, with family, with coworkers, and also take a few minutes or a couple

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