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I have 50% of my net worth in Adobe stock. I know the stock is doing quite well since past 5 years and Adobe is putting strong financial results each quarter but i wonder is it safe to put 50% of your net worth in one company ? What do you suggest ? #tech #adobe #stock #stockmarket
Diversify
Whats $IGV ?
If you know what you are doing and have trust in the company, hold, else diversify. Concentration makes you rich, diversification keeps you rich
Thats a wise advise..thank u
IMHO the company is going to 650ish before 2023
I have all of my savings in Adobe stock and literally zero cash in my account. Am I too optimistic and foolish to maintain such a portfolio?
IMO...U will be a hero if adobe's business does very well in future...u could be a zero if something unexpected & bad happens to adobe' s business. I believe instead of having high upside & downside its better to have low upside & downside. As per warren buffett & benjamin graham ....capital protection is more important than profit
So far I used to think if I had not sold some stocks, I would have had more than double the savings in stock than what I have now. But let's say if I have to sell, then where should the money that I got from selling be invested? Keeping it in the savings account might not be a good decision I guess.
Wait and forget...u will be crorepati
OP given recent pull back how’s your portfolio doing ?
Nope - diversify and park some of ur gains