MarketFoolery: 08.21.2013
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 21 August 2013
⏱️ 20 minutes
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Summary
Million Dollar Portfolio advisor Ron Gross shares his expertise on building a diversified portfolio, how to manage reallocation, and which industries he considers a “must” for every investor.
Transcript
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| 0:00.0 | It's Wednesday, August 21st. |
| 0:04.3 | Welcome to Market Foolery. |
| 0:05.6 | I'm Chris Hill joining me in studio today for a million dollar portfolio. |
| 0:08.8 | Ron Gross. |
| 0:09.8 | Strategy Week rolls on, my friend. |
| 0:12.0 | It does. It stops for no man does it stops for no man it's such no man |
| 0:17.0 | so we're gonna talk today we talked the other day about value investing that's |
| 0:21.4 | who you are at your core but your day-to-day job here |
| 0:24.7 | at the Motley Fool is managing a portfolio the specifically the million-dollar |
| 0:28.9 | portfolio service yeah so let's talk about managing a portfolio which is you know frankly I don't think we've ever |
| 0:36.8 | talked about it in the in the depth that we're you and I are going to say anything |
| 0:41.2 | and you wouldn't even know if it's right or right oh no I've done my research I'm just saying you know I think |
| 0:46.7 | longtime listeners know we we focus on companies here at the Motley Fool that's how we look at stocks |
| 0:51.8 | but I but it's not often that we talk in terms of managing |
| 0:55.6 | a whole portfolio. How did for someone who has bought their first stock, which is a great first |
| 1:00.8 | step for anyone, what is the step they need to take next towards building |
| 1:06.3 | a portfolio? |
| 1:07.3 | So the great thing about a million dollar portfolio, shameless plug, of the service that I |
| 1:11.6 | managed here, is that it was created because we had |
| 1:14.4 | members said I have all these recommendations from the Motley Fool and I own all |
| 1:18.8 | these various stocks but I don't know how to create a portfolio. |
| 1:24.0 | To me it's just kind of a list of stock holdings that I have in my brokerage account. |
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