I'm about to get a big chunk of cash...

[bucolic_frolic]

20. Congratulations ...

While the economy grows over time it is also subject to recessions, and the market has its upsie-downsies too.

Any of us would be well off if we'd bought just 10-20 shares, when we thought they might be growth stocks, of McDonald's, Microsoft, NVidia, Tesla, Boston Beer, Netflix, Amazon, etc.

I have an article on Amazon from WAPO in 1999 with the headline Amazon is loaded with debt and could fail.

My point being 5% of corporate America makes 95% of corporate profits. It's a pyramid and a hierarchy just like everything else. That's why there are these high fliers. You get a fair amount of big names in most mutual funds. Some prominent post last week said there are now more ETFs than stocks. It means something but it is one to ponder.

Diversity is fine when part of a strategy. To me the question is always what will be the Amazons and Alphabets of tomorrow. But there are other ways to diversify and other strategies as well.

Read a lot. Watch current market trends. Consuelo Mack WealthTrack is usually on my weekly list. A few times a year I don't like the guests, but for a steady stream of personal finance awareness, it's a must for me.