Someone asked me the other day if I’ve ever considered selling out of all my individual stocks and just going all in on something like $SCHD.
This is a fantastic question, really. Investing in ETFs definitely makes things simple, and there are some really great ones out there.
While I have been making more of an effort to consolidate some of my individual stock positions, having sold 4 of them in the last few months, I don't personally have much of an interest in going all in on ETFs — at least not right now.
While I am a big fan of ETFs, and while I do invest in $SCHD and $VOO (+0,35%) every week, investing in individual companies is kind of a hobby for me.
Over time, I've really come to enjoy researching and selecting the companies I believe to be good long-term investments. Plus, investing in individual companies helps me practice what I've learned about investing.
With that said, I don't know if I’ll ever sell all my individual stocks, but I do plan to keep consolidating my portfolio over time. I've narrowed my individual positions down from 23 to 19, and may keep lowering it even more.
I'm not going to rush it though. I'm pretty content with where things are at right now.
What’s your take on the matter? Do you only invest in ETFs, or do you hold individual stocks as well? 🤔