Thanks for the replys
This is more what i was getting at, not necessarily different portfolios but having the bulk of it dedicated to safer/ possibly higher yield stocks and the rest to play around with.
I dont think im at the stage to run a SMSF just yet, would be nice tho.
Buffett said, something like, growth and value are one and the same thing.
That "value" is not about dividend yield; not about old and dying company just chugging along.
And "growth" does not mean any young company not making any money, or making some money but sells at a very high price (with the anticipation) that its future growth will make up for the pricieness.
I think I know where you're coming from... I, and I think just about all other investors, try to do the same thing: Have most of the portfolio in a safe place with a few bucks to try our luck. BUT... the approach might be different.
The way I approach it is this, not advise and such, just how I go about it... I have most of the money in companies I considered "established" and of a high quality. Ones I think I know is a pretty sure bet that over time, it's going to do pretty well unless something catastrophic happen to the world or the industry.
Those are "sure bets" if you like. Though it might not work out that way, but I can wait and no one's the wiser when it goes to heck.
The speculative bets are not just on any expensive or "hot" stock. But in companies I consider "risky", or at a point in their business life where it could very well die, or those that had not made any money but looks like it would "anytime now".
So the specs are not random, and I try to not get into them at a high price hoping it'll go higher. But more of a survival story where I reckon it's going to survive and would return a few times over when it does. Or it could kick the bucket and I'd lose a bit I can afford to.
It's the specs that, to me, are more time consuming and require a lot more work. The good quality business selling at a good price... those are rare but they don't take that much time to figure out. Better to stay with those but then that'd be quite boring