Holi: 6 Key Money Lessons for Investors
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#1f3ad930 ver:0.17
Consolidating your mutual fund portfolio involves aligning it with your financial goals and decluttering unnecessary investments . Having too many mutual fund holdings can complicate portfolio management and increase fees. Imogen Tew, a millennial investor, sought advice on how many funds to invest in . While there is no straightforward answer, experts agree that her current portfolio of 13 funds is too many for her £10,000 pot. Over-diversifying can be detrimental to a portfolio, as it spreads investments too thin and can result in higher fees. The experts suggest aiming for between five and eight funds, using a 'core' and 'satellite' approach. Tew plans to keep her two global tracker funds as the core investments and allocate about 8-10% to each satellite fund. She aims to reduce the all...
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