MELI - Headed Into 2024 These 5 Stocks Make Up 40% of My Retirement Portfolio. Here's Why I Don't Plan to Change a Thing.
2023-12-17 10:00:00 ET
At my age, I'm still 25 to 30 years away from retirement. Therefore, readers need to understand that at this stage of life, I'm primarily concerned with growing the value of my portfolio. My decisions might not be as conservative as others. For those closer to retirement, preservation of capital might be a bigger concern than growth.
As of this writing, MercadoLibre (NASDAQ: MELI) , Axon Enterprise (NASDAQ: AXON) , United Rentals (NYSE: URI) , Crocs (NASDAQ: CROX) , and Tanger (NYSE: SKT) make up 40% of my portfolio's value. Many advisors would probably tell me to reduce my exposure to these five stocks and to diversify more.
However, I don't plan to make any changes to my top five holdings. While the professionals have their reasons for suggesting greater diversification, I intend to apply principles from investing greats Peter Lynch and Warren Buffett and keep everything with my top holdings the same.
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Headed Into 2024, These 5 Stocks Make Up 40% of My Retirement Portfolio. Here's Why I Don't Plan to Change a Thing.