Fragmented-portfolio syndrome is when investors have separate investment accounts—but then don’t look at their holdings as if they were all part of one account.
This fragmented-portfolio situation is more common than you’d guess. Many investors deal with it by adding up the total value of their accounts from time to time, to calculate their net worth. Most also look for performance discrepancies among accounts. But all too many take little more than an occasional glance at the relative weight of the various securities they own. They have little if any idea of how much impact each holding has on the portfolio as a whole.
If you want to avoid fragmented-portfolio syndrome, you should start by listing all your holdings on a single file, and converting their value to Canadian funds. Then you’d separate them by kind, grouping your stocks (plus equity-type holdings) in one section, and your bonds and other fixed-return investments in the other.
Next, you’d determine the economic sector of each of your stock holdings, and add up the value of each of your stocks, and the total value of all your stocks.
Once you’ve taken these steps to prevent fragmented-portfolio syndrome, you should then go on to check your individual stock selections against our TSINetwork Ratings system. You want to make sure that your stocks are made up predominantly of “Average” or higher-quality stocks that we currently recommend as buys.
At TSI Network, we recommend using our three-part Successful Investor philosophy:
Invest mainly in well-established companies;
Spread your money out across most if not all of the five main economic sectors (Manufacturing & Industry; Resources & Commodities; the Consumer sector; Finance; Utilities);
Downplay or avoid stocks in the broker/media limelight.
To deal with the fragmented-portfolio syndrome, you need to look at all your holdings as if they were in one big account.
Today, many households and even some individuals have five or 10 separate investment accounts. These accounts may include RRSPs (regular and spousal), TFSAs and… Read More
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