Hoarders
That’s the word that defines some investors.
You will know what I mean once you know what their personal finance and investment portfolio contains.
Count the number of mutual funds in their portfolio – 20, 30, 40 upto 50 sometimes.
Then the number of stocks in their portfolio – anywhere from 20 to 100.
A whole lot of insurance policies – from a few to a dozen.
Add to all this the Bank Fixed Deposits, PPF, EPF, NSCs, Bonds, etc.
They have been literally hoarding.
It’s utterly complex.
If all these items are listed on paper, one will need several sheets.
Why do we make life so complicated? Is this greed? Is this ignorance? Effect of having several advisors? Or these investors have a different formula that appears to work for them?
I have not been able to find an answer to this puzzle.
Read more: The Acid Test of your Investment Portfolio