Tell me what you think.
A mate of mine has 2 stocks bought in the last 3 months.
One now worth $2,700 and the other $800
He can only contribute $700 each month into buying stocks, and these existing two are on the up.
He doesn't want to take a marginal loan, in case the market turns down the track, but he wants to maximise his exposure and use this foundation plus the monthly extra, to build a pool that he can then use to expand his portfolio.
Things like, should he top up the $500 into both these each month, at good buy points of course, or save this until he can buy a $2000 parcel eg, or buy new low spec parcels hoping on growth (i.e. aex etc).
I have told him what I think, but recommendations would be really appreciated.
And no, it isn't me