When ChatGPT was asked how many stocks an investor needs to own to be diversified, the answer cited was that 20 to 30 stocks capture most diversification benefits, while 30 to 50 stocks offer diminishing returns.
Why Hire a Financial Advisor?
Most people would not plan a major family vacation casually. They would think through the destination, the budget, the timing, the tradeoffs, and what kind of experience they want their family to have. Yet many people spend far less time planning the financial decisions that shape the rest of their lives.