About this episode
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 DisclaimersThis episode contains general advic
