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START HERE: How Many ETFs or LICs Should I Own?
In this Start Here episode, Canna answers one of the most common investing questions: “How many ETFs or LICs should I own?”We unpack how to avoid over-diversification, what research from Vanguard and Morningstar suggests, how to build a simple and powerful Core–Satellite portfolio, and how to decide whether to add new investments — or simply build what you already have.
We also explore how to check for duplication, how to understand your risk profile, what to do if you’ve already over-diversified, and how The $1000 Project portfolio applies these principles in real life.
What You’ll Learn
• Why owning more ETFs doesn’t always mean more diversification
• The 5–10 ETF rule (and why many people only need 2–3)
• How to check whether you’re accidentally duplicating investments
• How to understand your risk profile before choosing new investments
• How to research what’s in each ETF (and why fund manager sites are gold!)
• The Core–Satellite strategy for everyday investors
• What counts as “intentional duplication” vs “accidental duplication”
• What to do if your portfolio is already messy
• How to use The $1000 Project as a model for compounding consistency
• A practical framework to decide whether a new ETF belongs in your portfolio
Key Links Mentioned
• Vanguard & Morningstar research on portfolio construction - https://investor.vanguard.com/tools-calculators/investor-questionnaire•
* Fund manager websites (to check ETF holdings) - https://www.whitefield.com.au/whitefield-industrials/ -not advice (educational purposes only)
• The $1000 Project resources - https://amzn.to/3RV0Bnq
Have a Start Here question? email canna@sugarmamma.tv
Disclaimers
This episode contains general advice only. It does not consider your personal financial situation, goals or needs. Always read the relevant PDS before investing and consider seeking advice from a licensed financial planner.
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- Don’t forget my other podcast:How Do They Afford That? 👉 Published on 12 hours ago