ETFs and individual stocks can both form part of a successful long-term portfolio, but they create very different investment processes. Compare diversification, control, concentration, research and performance — and discover which investment decisions you should make yourself and which may be better delegated.

Equal-weight and concentrated portfolios can own exactly the same investments yet produce very different outcomes. Learn how portfolio weighting affects diversification, conviction, risk and the influence individual stocks have over your overall portfolio.

How many stocks should you own? There is no universally correct number. Learn how diversification changes as you add stocks, when additional holdings provide diminishing benefits, and how to avoid building an unnecessarily complex or over-diversified portfolio.

How much of your portfolio should be in one stock? Learn how position sizing, concentration risk and portfolio drift can cause a successful investment to become far more influential than originally intended.

Core vs satellite investing infographic showing how a diversified core portfolio provides the foundation while deliberately limited satellite investments add targeted opportunities within a controlled asset allocation strategy.