RBS 051: How Many Mutual Funds Should You Own?

A viewer recently sent me a portfolio with nearly 20 ETFs and mutual funds. She didn't create it. An advisor from a major bank recommended it. Ridiculous.The truth is that the number of mutual funds you own tells you nothing about how well diversified the portfolio is or what types of investments you have. A single mutual fund can give an investor exposure to U.S. stocks, bonds, international stocks, REITs, and even commodities. The fewer mutual funds you have, the easier it is to unders...