Community talk June 6 to June 7, 2020

Hi there!
How are you?
Here is a brief summary of what people have been discussing in the last few days.

How many stocks should one own?

How many stocks should one have in an ideal portfolio? There is no ideal number.
What people agreed in the community is that having 10 to 20 stocks is a fair number. This depends on the portfolio size. A small portfolio spread too thinly is over-diversification. Why place $1000 in say 10 stocks?
An investor with say $100,000 can afford to do that.

A few people also expressed interest in the migration process for skilled workers in Canada. I’m shook, but hey it's all good. That could be more income.

There were discussions on how to recover unclaimed dividends, and when the deadline is. Those dividends become statute-barred after 12 years, after which they return to the company. Then you can not gain access to them.
We hope that this law which is a part of the Corporate and Allied Matters Act (CAMA) will be amended.

We also had our book review.

We read Chapter 14 of the Little Book on ‘Common Sense Investing’ which discussed the Exchange Traded Funds (ETFs). What are those?
ETFs are investment funds that trade on a stock exchange. Think of them as a basket of various items. So rather than buy stocks individually on an exchange, you can buy an ETF.