In regards to your equity holdings, you may consider some utility companies, oil/energy, manufacturing, technology, precios metals, retail.
It also depends on what you are trying o diversify away. Are you trying to limit your expouse from one of your holdings or a particular comodity that may change significantly in price...
Not saying your off to a bad start, but in my opinion to be "completly diversified" i think you need to increase the number of holdings, in diferent sectors, and add some other forms of investment other than equities.
An individual retail investment in BestBuy stock is a foolish (no...no... it's actually stupid) way to invest "long term".
Of course you're not diversified. You're holding 6 stocks.
CRM is posting losses.
Best Buy is hanging on by a thread.
Diversified? Long term? Do you know what you're doing?
In a word - no. Half a dozen won't do it.
If you're going to buy individual stocks, a minimum of 20 in various sectors & industries.
A well diversified portfolio doesn't have just one investment such as all stocks. A well diversified portfolio consists of stocks, bonds, CD's,savings, etc.
I'd recommend you diversify with silver as silver is real money.
I remember Sears, Kodak, Xerox, Enron, AIG,, Fannie Mae, Freddie Mac, Washington Mutual, among others.
You can kid yourself if you want, but you are NOT diversified.
Try VTI, BND, DVY, SPY, AGG
I currently have the following stocks in my portfolio: BMY (Bristol Myers Squibb), BBCN (BBCN Bancorp), BBY (Best Buy), CRM (SalesForce), BF.B(Brown Forman Corp), PEP (Pepsi)
I'm watching BBY to see if it rallies after it recently took a tumble before selling it off (and kicking myself for not selling it in Dec), but I'm wondering if I'm sufficiently diversified otherwise or if there's another sector I should think about adding to my portfolio.
Thanks in advance for any answers.
