Here we are once again, great to have you with me.

Welcome to another five minute Friday here on Meaningful Money.

Sorry about last week,

another missed opportunity for a five minute Friday, but keep your questions coming so I can have lots of stuff to talk about.

So this week, Mark, a listener and viewer asks whether it's possible to have too many funds in your portfolio.

He also asks about multi-asset off-the-shelf portfolio funds, something I'm always banging on

about here, and even asks whether it's worth having more than one of those

and whether there are any drawbacks to having more than one. So there's a couple of questions there,

so let's put five minutes on the clock down here in the bottom left.

Say thank you to my friends at 7 Investment Management down here in the bottom right for

continuing to sponsor the show and let's crack on.

So as to whether you can have too many funds in a portfolio, I think the answer to that is how many can you be bothered dealing with?

If there is a point at which too many funds becomes a hassle, a headache and a source of worry to you,

then that's the point at which you have too many funds in your portfolio.

Now we're all different so the answer is going to be different for everybody.

I have a client who has well over a hundred individual fund and shareholdings in his portfolio.

He's a retired accountant so his spreadsheets are beautiful, and when he brings them into show me, you know that he's easily been able to stay on top of it.

But that would drive me crazy, and for me, that would be way too many funds to keep on top of.

Now what do I mean by keeping on top of well you need to make sure that the funds

you choose are continuing to serve the purposes for which you chose them originally?

So yes, are they performing adequately,

are they performing adequately relative to the risk that they have taken,

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