Hi all,
I'm a US citizen living outside of the US. I invested in mutual funds while I lived in the US. I'm not allowed to do so now that I live outside of it and many other options aren't allowed or would carry high fees. Therefore buying USD based individual stocks is one of my only options. Without wanting to research specific stocks at length, and wanting to be diversified, my plan is to slowly buy at least 1 share of each of the stocks included in the s&p500. I only have a rough plan of how i'll decide on individual stocks each month and would love tips/suggestions.
My rough plan: I resolved to put x USD into my broker account every month. After I do that I look at what 1-3 stocks which I haven't already bought out of the current s&p500 stocks I can buy with that amount. From all the options - I roughly look at which stocks are a bit down on that day, but have been otherwise growing in the last year. I find it hard so far to not avoid stocks of companies I personally don't like, but may buy them eventually.
I know this isn't a clearly good methodology but if my plan is to eventually have hundreds of stocks - how else would you recommend I choose my 1-3 stocks every month to be rather diversified and gain money with my investment in the long term, without having to actively manage it too much. I'm rather young - I can be a bit risky.