In this episode, Mark talks about how buying individual stocks is not about buying the actual individual stock - it's about how that particular asset allocation affects the allocation of your portfolio. Owning individual stocks is less risky because you know what you own and why you own it. An appropriately allocated portfolio has 20-40 companies in it. There's so much focus on cost and fees, but no one talks about paying fees as an investment. The more transparency, the more clarity, the more you understand the more it should enable you to be successful. 

March 6, 2017