How much of your portfolio is safe to hold in one individual stock? While 5% or 10% is typically recommended, rules of thumb like these are often irrelevant and harmful. The right answer depends upon your specific situation.James explains the right way to determine how much individual stock you should hold based on your situation.Questions Answered:How much is okay to have in an individual stock?What conditions make owning individual stock acceptable or unacceptable?Timestamps:0:00 Intro2:02 Monica's story3:30 Individual stocks5:02 Example 17:45 Conditions10:18 Technicalities12:37 Example 214:34 Emotional implications16:11 Framework19:43 Portfolio size21:49 Time best spent22:50 Underperforming25:07 Why diversify?27:01 Outro
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