Reply To: Need money to make money?

[John Miles]

Thanks again.
I think we were at cross purposes at one point. but I don’t don’t disagree with anything you say.

What came out of it for me was that it’s quite feasible to start a HYP with rather less than I’ve always assumed. So, as I fear the next generation is going to find it even more difficult to get itself an adequate pension than we did, I’m inclined to suggest to my young friends snd relations that they consider starting up a HYP as a bit of a backup

And thank you for reminding us that diversification too is affected by the law of dimimishing returns.
Bad news for fund managers, who boast of billions of holdings on their books, but are, in practice, hardly more diversied thab you or me.
Actually it’s a double whammy for them, since after the first dozen or so it gets bmore and more difficult to find anything worth investing in