The survey period went longer than I expected because I was still getting responses beyond the first week. We received a total of 54 responses, which I think is a great response.
How many hours a week do you spend managing your personal portfolio?
How many stocks are actively managed in your personal portfolio?
Interesting points IMO.
60% of the hours were in the 8-16+hrs a week periods, which I would have expected with people spending 1-2hrs a day working on their investments.
61% portfolios fell into the 24-32+ total stock, 39% fell into 4-16 total stocks. I regret not getting more granular in this one on the higher range and not listing options higher than 32 stocks, I suspect those 35% folks have much larger portfolios.
I think it would be interesting to follow up and ask how much time does one spend based on the size of your portfolio.
Personally I had way to many stocks in my portfolio (52) before I found Sauls forum and my portfolio was on largely on auto pilot which did not make me comfortable. I felt lost when looking at the list of stocks, I would look at some of the stocks and forget what the company was even about. That is a real back place to be as an investor. Since then I have cut down my portfolio to 30 and have a clear understand of what stocks I own. A more focused portfolio, in theory, should result in a higher rate of return in the long run vs the market.
I group the stocks into 3 categories, Strong, moderate, low conviction, with the strong being the highest allocated and I know those stocks very well.
I am now personally finding myself spending 1hr a weekday working the portfolio, one stock at at time and feeling much more comfortable in the direction I am heading.
Here are the survey results: