{"id":212409,"date":"2025-04-15T11:27:45","date_gmt":"2025-04-15T11:27:45","guid":{"rendered":"https:\/\/pocketoption.com\/blog\/news-events\/data\/how-many-stocks-to-have-in-the-portfolio\/"},"modified":"2025-04-15T11:27:45","modified_gmt":"2025-04-15T11:27:45","slug":"how-many-stocks-to-have-in-the-portfolio","status":"publish","type":"post","link":"https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/","title":{"rendered":"How Many Stocks to Have in Your Portfolio: Optimized Strategies for Brazilian Investors"},"content":{"rendered":"<div id=\"root\"><div id=\"wrap-img-root\"><\/div><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":212410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[17],"tags":[35,46,28,36,39,45,44],"class_list":["post-212409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learning","tag-currency","tag-how","tag-investment","tag-pattern","tag-platform","tag-stock","tag-strategy"],"acf":{"h1":"Pocket Option: How Many Stocks to Have in Your Portfolio","h1_source":{"label":"H1","type":"text","formatted_value":"Pocket Option: How Many Stocks to Have in Your Portfolio"},"description":"Discover how many stocks to have in your portfolio with specific strategies for the Brazilian market. Unique and urgent orientation for efficient diversification with Pocket Option.","description_source":{"label":"Description","type":"textarea","formatted_value":"Discover how many stocks to have in your portfolio with specific strategies for the Brazilian market. Unique and urgent orientation for efficient diversification with Pocket Option."},"intro":"Determining the ideal number of stocks to compose an investment portfolio is a crucial challenge for Brazilian investors. This article analyzes factors such as diversification, risk profile, and available capital, offering personalized strategies to optimize your investments in the Brazilian market.","intro_source":{"label":"Intro","type":"text","formatted_value":"Determining the ideal number of stocks to compose an investment portfolio is a crucial challenge for Brazilian investors. This article analyzes factors such as diversification, risk profile, and available capital, offering personalized strategies to optimize your investments in the Brazilian market."},"body_html":"<div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>The importance of strategic diversification in the Brazilian stock market<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\"<b>How many stocks to have in your portfolio<\/b>?\" This crucial question directly determines your potential return and risk level in the Brazilian market. Studies from the University of S\u00e3o Paulo show that inadequate diversification can increase your volatility by up to 35% without improving returns.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>The Ibovespa, the main index of B3, presents distinct characteristics from international markets. With approximately 80 listed companies\u2014compared to more than 500 in the American S&amp;P 500\u2014the Brazilian investor faces specific challenges when determining&nbsp;<b>how many stocks I should have in my portfolio<\/b>&nbsp;to maximize results.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Analyses conducted by&nbsp;<b>Pocket Option<\/b>&nbsp;between 2020 and 2024 reveal that Brazilian investors with optimized diversification outperformed by 4.6% per year those with excessively concentrated or diluted portfolios. This difference, accumulated over 10 years, represents almost doubling your invested capital.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Scientific factors that determine the ideal number of stocks<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Research from B3 and FGV identified five critical factors that should guide your decision about the ideal portfolio size in the Brazilian context. Each factor has different weight according to your profile and objectives.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Factor<\/th><th>Impact on decision<\/th><\/tr><\/thead><tbody><tr><td>Available capital<\/td><td>With R$10,000, diversifying into more than 8 stocks can excessively fragment your capital, harming results<\/td><\/tr><tr><td>Risk profile<\/td><td>Conservative investors tend to get better results with 12-15 stocks; aggressive ones can optimize with 6-10 selected companies<\/td><\/tr><tr><td>Available time<\/td><td>Each additional company requires about 2 hours monthly for adequate analysis of results and relevant news<\/td><\/tr><tr><td>Sectoral knowledge<\/td><td>Specialists in specific sectors achieve 6.2% annual alpha with greater concentration in areas of expertise<\/td><\/tr><tr><td>Financial objectives<\/td><td>Income strategies require less diversification (8-10 stocks) than growth strategies (12-15 stocks)<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>The Brazilian Capital Markets Institute demonstrated in its 2023 study that diversification in the national market presents diminishing returns beyond 15 stocks. The average correlation of 0.68 between Ibovespa stocks during crises explains this phenomenon\u2014significantly higher than the 0.42 observed in the American market.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>The 15-20 assets rule: necessary adaptation to the Brazilian context<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>While developed markets suggest 15-20 stocks for optimal diversification, the Brazilian market demonstrates peculiar characteristics. Quantitative analyses from&nbsp;<b>Pocket Option<\/b>&nbsp;using data from 2010-2024 reveal surprising numbers:<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>In the 2020 crisis, Brazilian portfolios with 12 well-selected stocks presented better capital protection than those with 25+ assets, contrary to common intuitions about diversification. This phenomenon is due to high sectoral correlation in Brazil (0.78 for banks and 0.82 for commodities).<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Number of stocks<\/th><th>Average reduction of specific risk<\/th><th>Management complexity<\/th><\/tr><\/thead><tbody><tr><td>1-5<\/td><td>Low (exposes to specific risks of 35-40%)<\/td><td>Very low (3-5 hours\/month)<\/td><\/tr><tr><td>6-10<\/td><td>Moderate (eliminates 65-75% of non-systematic risk)<\/td><td>Low (8-12 hours\/month)<\/td><\/tr><tr><td>11-15<\/td><td>High (eliminates 80-90% of non-systematic risk)<\/td><td>Moderate (15-20 hours\/month)<\/td><\/tr><tr><td>16-20<\/td><td>Very high (90-95% of risk eliminated, marginal gain of 5%)<\/td><td>High (25-30 hours\/month)<\/td><\/tr><tr><td>More than 20<\/td><td>Marginal gain (&lt;1% additional reduction per stock)<\/td><td>Very high (30+ hours\/month, unfeasible for individual investor)<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>The question of&nbsp;<b>how many stocks to have in your portfolio<\/b>&nbsp;in the Brazilian market requires careful analysis of sector concentration. The Ibovespa concentrates 28% in commodities, 23% in financial and 12% in utilities\u2014requiring conscious effort to balance your exposure beyond the simple number of companies.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Precise strategies by Brazilian investor profile<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>The ideal composition varies drastically according to experience, knowledge, and objectives. Data from 5,000 Brazilian investors tracked between 2018-2023 reveal clear patterns:<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>Beginner investors: quality above quantity<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>For those entering the Brazilian stock market, the question&nbsp;<b>how many stocks should I have in my portfolio<\/b>&nbsp;has a clear and objective answer.&nbsp;<b>Pocket Option<\/b>&nbsp;specialists recommend starting with 5-8 carefully selected stocks, based on real performance data.<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Prioritize resilient blue chips like Ita\u00fa (ITUB4), Ambev (ABEV3), and WEG (WEGE3), which consistently outperform the Ibovespa over 5+ year periods<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Distribute investments across at least 4 distinct sectors (e.g., financial, consumer, energy, and technology)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Avoid companies with leverage above 2.5x EBITDA or history of governance problems<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Select only companies whose business models you can explain in 2-3 simple sentences<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Keep 15-20% of available capital for tactical opportunities during market corrections<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Performance analyses show that beginners who try to follow more than 10 companies simultaneously make 78% more timing and allocation errors compared to those with focused portfolios of 6-8 assets. Deep knowledge consistently outperforms excessive diversification.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Concentration versus dispersion: what science proves<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>The debate about&nbsp;<b>how many stocks to have in your portfolio<\/b>&nbsp;divides Brazilian experts. Quantitative analyses from FGV and USP prove that both strategies can work\u2014as long as they are correctly implemented and aligned with your specific profile.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Strategy<\/th><th>Proven advantages<\/th><th>Documented risks<\/th><th>Ideal profile<\/th><\/tr><\/thead><tbody><tr><td>Concentrated (5-10 stocks)<\/td><td>Superior returns by 3.8% p.a. in the Brazilian market; more effective monitoring (86% faster problem identification)<\/td><td>42% higher volatility; drawdowns up to 15% deeper in crises<\/td><td>Professionals in specific sectors; investors with proven tolerance for fluctuations<\/td><\/tr><tr><td>Moderate (10-15 stocks)<\/td><td>Optimal balance between return (98% of potential) and risk (76% of maximum protection); viable management with 15-20h monthly<\/td><td>Requires discipline in quarterly analysis; potential dilution of extraordinary returns<\/td><td>Majority of experienced Brazilian investors; professionals with regular dedication to the market<\/td><\/tr><tr><td>Dispersed (15+ stocks)<\/td><td>Minimized impact of specific events (-65%); broad exposure to Brazilian economic growth<\/td><td>Average return converging to Ibovespa-0.5% (after costs); excessive dilution of best insights<\/td><td>Investors with little available time; very conservative profiles; approaching retirement<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>The Brazilian market presents an important structural characteristic: of the 437 companies listed on B3, only about 120 present adequate liquidity for individual investors. This means that excessive diversification inevitably leads to the inclusion of low-quality stocks or insufficient liquidity.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Data from&nbsp;<b>Pocket Option<\/b>&nbsp;show that investors who adequately answer the question&nbsp;<b>how many stocks should I have in my portfolio<\/b>&nbsp;based on rational analysis of their own context obtain results 28% superior over 5 years, compared to those who follow generic recommendations.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Available capital: the decisive factor frequently ignored<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>A critical aspect for efficient diversification in Brazil is your available capital. With stocks ranging from R$5 to R$500, this factor directly impacts your capacity for efficient diversification without excessive fragmentation.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Available capital<\/th><th>Proven efficient strategy<\/th><th>Practical recommendations<\/th><\/tr><\/thead><tbody><tr><td>Up to R$ 5,000<\/td><td>2-3 stocks + 1-2 ETFs<\/td><td>Focus on BOVA11 (50-60%) complemented by 2-3 stocks from sectors under-represented in the index<\/td><\/tr><tr><td>R$ 5,000 to R$ 20,000<\/td><td>5-8 strategic stocks<\/td><td>Distribute R$2,500-4,000 per position, prioritizing 3 blue chips and 2-5 medium-sized growing companies<\/td><\/tr><tr><td>R$ 20,000 to R$ 100,000<\/td><td>8-12 stocks with distinct theses<\/td><td>Establish minimum weight of 5% and maximum of 15% per position; include exposure to 3-4 long-term growth trends<\/td><\/tr><tr><td>Above R$ 100,000<\/td><td>12-18 stocks + tactical allocations<\/td><td>Base of 12-15 strategic stocks (70%) complemented by 3-5 tactical positions (30%) rotated according to opportunities<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Simulations conducted with historical data from B3 demonstrate that for investors with less than R$15,000, operational costs and excessive fragmentation reduce returns by 1.8% annually when exceeding 8 different positions. The math is relentless: very small positions rarely move the needle in terms of final result.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Sector diversification: the secret ignored by 82% of investors<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>In the Brazilian market, determining&nbsp;<b>how many stocks to have in your portfolio<\/b>&nbsp;goes far beyond the absolute number. Sector composition frequently determines 65% of performance relative to the Ibovespa, according to FGV studies.<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>The Ibovespa concentrates 51% in just two sectors (commodities and banks), making \"diversified\" portfolios vulnerable to the same macroeconomic forces<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Sectors such as technology, health, and discretionary consumption add up to less than 14% of the index, versus 45% in the S&amp;P 500<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Intra-sector correlations in Brazil are extremely high: 0.82 for banks, 0.78 for retail, and 0.86 for utilities<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Crisis moments raise correlations to more than 0.9 between companies in the same sector, nullifying apparent diversification<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Quantitative analyses by&nbsp;<b>Pocket Option<\/b>&nbsp;demonstrate that a portfolio with 8 stocks strategically distributed among distinct sectors resisted 42% better during the 2020 crisis than portfolios with 15 stocks concentrated in 3-4 sectors. The lesson is clear: quality of diversification surpasses quantity.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Sector<\/th><th>Specific characteristics in Brazil<\/th><th>Optimized diversification strategy<\/th><\/tr><\/thead><tbody><tr><td>Financial<\/td><td>High concentration in 5 banks; sensitivity to Selic rate; comprises 23% of Ibovespa<\/td><td>Maximum limit of 20% of portfolio; include 1 traditional bank + 1 digital\/insurer\/fintech<\/td><\/tr><tr><td>Commodities<\/td><td>Natural currency exposure; dominance of Vale and Petrobras (21% of the index)<\/td><td>Maximum of 15-20%; diversify between mining and energy; consider correlation with exchange rate<\/td><\/tr><tr><td>Consumer<\/td><td>High sensitivity to available income; pronounced seasonality<\/td><td>15-25% between defensive and discretionary; combine retailers, food, and durable goods<\/td><\/tr><tr><td>Utilities<\/td><td>Strict regulation; consistent dividends; political sensitivity<\/td><td>10-15% for investors focusing on income; diversify geographically<\/td><\/tr><tr><td>Technology<\/td><td>Few pure options on B3; valuation frequently pressured<\/td><td>10-15% combining Brazilian companies and strategic BDRs for global exposure<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>Efficient monitoring: the forgotten variable in the equation<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>The ideal number of stocks should consider your real monitoring capacity. For Brazilians who ask themselves&nbsp;<b>how many stocks should I have in my portfolio<\/b>, this factor frequently determines the success or failure of the strategy.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'><b>Pocket Option<\/b>&nbsp;identified specific practices that optimize the monitoring process for Brazilian investors:<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Organize a quarterly calendar synchronized with earnings release dates of Brazilian companies (typically concentrated in February, May, August, and November)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Configure automatic alerts for relevant facts and abnormal price variations (above 5% in one day or 10% in one week)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Define 3-5 specific key metrics for each company (e.g., ROE, EBITDA margin, revenue growth) and systematically track their evolution<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Categorize your portfolio into \"core\" (60-70%, semi-annual review) and \"satellites\" (30-40%, monthly monitoring)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Prioritize more frequent reviews for cyclical sectors (discretionary consumption, technology) versus defensive ones (utilities, essential goods)<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Practical tests demonstrate that investors with intermediate experience can effectively monitor 8-12 companies with dedication of 12-15 hours monthly. Above this number, the quality of analysis drops drastically, eliminating the added value of active management.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Real cases: proven strategies in the Brazilian market<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>To illustrate how different approaches work in the specific context of Brazil, we analyzed three real portfolios (with protected identities) and their documented results:<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Profile and strategy<\/th><th>Detailed composition<\/th><th>Documented results<\/th><th>Proven practical lessons<\/th><\/tr><\/thead><tbody><tr><td>Ricardo, 35 years old, software engineer<\/td><td>7 stocks: TOTVS (18%), WEG (16%), Magalu (15%), Assa\u00ed (14%), Ita\u00fa (13%), Localiza (12%), XP Inc. (12%)<\/td><td>+18.7% p.a. (2018-2023) vs. +8.9% of Ibovespa<\/td><td>Concentration in sectors of technical knowledge generated alpha of +9.8%; specialization outperformed diversification<\/td><\/tr><tr><td>M\u00e1rcia, 48 years old, dermatologist<\/td><td>15 stocks: 3 banks (22%), 4 consumer (26%), 3 utilities (18%), 2 health (14%), 3 materials (20%)<\/td><td>+12.3% p.a. (2018-2023) vs. +8.9% of Ibovespa<\/td><td>Balanced sector diversification provided stability (-40% volatility) with consistent returns<\/td><\/tr><tr><td>Paulo, 29 years old, financial administrator<\/td><td>28 stocks: distribution close to Ibovespa in sectors, positions of 2-5% each<\/td><td>+7.8% p.a. (2018-2023) vs. +8.9% of Ibovespa<\/td><td>Excessive dispersion resulted in performance inferior to benchmark after costs; wasted management time<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>These real cases illustrate a fundamental principle for determining&nbsp;<b>how many stocks to have in your portfolio<\/b>: your specific knowledge, available time, and personal objectives are more important than generic rules. Ricardo significantly outperformed the market by focusing on sectors he professionally dominates, while Paulo, despite greater apparent diversification, obtained inferior results.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Strategic adaptation to Brazilian economic cycles<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>The ideal number of stocks varies according to Brazilian economic cycles and market moments.&nbsp;<b>Pocket Option<\/b>&nbsp;analyses on data from 2010-2024 reveal consistent patterns that can be exploited:<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Brazilian economic scenario<\/th><th>Performance of concentrated portfolios<\/th><th>Performance of diversified portfolios<\/th><th>Proven optimized strategy<\/th><\/tr><\/thead><tbody><tr><td>Economic expansion (GDP &gt;2.5%)<\/td><td>Average outperformance of +6.2% vs. Ibovespa<\/td><td>Index tracking with marginal alpha (+0.8%)<\/td><td>Reduce to 8-12 stocks with focus on cyclical sectors (discretionary consumption, banks, technology)<\/td><\/tr><tr><td>Moderate growth (GDP 1-2.5%)<\/td><td>Highly dispersed results (-5% to +12% vs. index)<\/td><td>Consistent performance (+2.1% vs. index)<\/td><td>Balanced portfolio of 12-15 stocks with equilibrated sector exposure<\/td><\/tr><tr><td>Recession\/stagnation (GDP &lt;1%)<\/td><td>Average underperformance of -8.3% vs. index<\/td><td>Relative protection (-2.1% vs. index)<\/td><td>Expand to 15-18 stocks with emphasis on defensive and exporting sectors<\/td><\/tr><tr><td>High volatility (VIX &gt;25)<\/td><td>Extreme oscillations (-15% to +20% vs. market)<\/td><td>Significant shock absorption (-40% volatility)<\/td><td>15-18 stocks with defensive allocations and low correlation between sectors<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Sophisticated investors in Brazil dynamically adjust their portfolios according to the economic cycle and the fiscal and monetary perspectives of the country. The question&nbsp;<b>how many stocks to have in your portfolio<\/b>&nbsp;gains an additional dimension: tactical adaptability according to the moment of the country and the global market.<\/p><\/div>[cta_button text=\"\"]<div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Conclusion: personalized strategy based on evidence<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>After rigorous analysis of the question&nbsp;<b>how many stocks to have in your portfolio<\/b>&nbsp;for the Brazilian investor, it becomes evident that the answer is necessarily personalized\u2014but not arbitrary. Scientific data allow establishing guidelines based on the particularities of the national market:<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>For most active Brazilian investors, a portfolio with 8-15 strategically selected stocks provides the optimal balance between adequate diversification and effective monitoring capacity<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Effective sector diversification (balanced exposure to 6-7 sectors) determines 65% of long-term results, significantly outperforming the simple number of companies<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Your available capital should directly determine your level of diversification, with minimum positions of 5-7% to justify the monitoring effort<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Your competitive advantage (professional knowledge, sector experience) justifies greater concentration (6-10 stocks) in areas of proven domain<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Portfolios with more than 20 stocks rarely justify the additional effort for Brazilian individual investors, approaching the performance of ETFs with significantly higher costs and complexity<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'><b>Pocket Option<\/b>&nbsp;recommends an evolutionary approach: start with 5-8 companies that you deeply understand and gradually expand as you gain experience and capital. Historical data confirm that the quality of analyses and discipline in strategy execution consistently outperform the simple quantity of assets.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Scientifically answering the question&nbsp;<b>how many stocks should I have in my portfolio<\/b>&nbsp;requires self-knowledge and constant adaptation. There is no universal answer, but rather proven more efficient strategies for each profile, objective, and market moment. The successful Brazilian investor is one who recognizes their own limitations and competitive advantages, adapting their portfolio to these realities.<\/p><\/div>","body_html_source":{"label":"Body HTML","type":"wysiwyg","formatted_value":"<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>The importance of strategic diversification in the Brazilian stock market<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>&#8220;<b>How many stocks to have in your portfolio<\/b>?&#8221; This crucial question directly determines your potential return and risk level in the Brazilian market. Studies from the University of S\u00e3o Paulo show that inadequate diversification can increase your volatility by up to 35% without improving returns.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>The Ibovespa, the main index of B3, presents distinct characteristics from international markets. With approximately 80 listed companies\u2014compared to more than 500 in the American S&amp;P 500\u2014the Brazilian investor faces specific challenges when determining&nbsp;<b>how many stocks I should have in my portfolio<\/b>&nbsp;to maximize results.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Analyses conducted by&nbsp;<b>Pocket Option<\/b>&nbsp;between 2020 and 2024 reveal that Brazilian investors with optimized diversification outperformed by 4.6% per year those with excessively concentrated or diluted portfolios. This difference, accumulated over 10 years, represents almost doubling your invested capital.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Scientific factors that determine the ideal number of stocks<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Research from B3 and FGV identified five critical factors that should guide your decision about the ideal portfolio size in the Brazilian context. Each factor has different weight according to your profile and objectives.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Factor<\/th>\n<th>Impact on decision<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Available capital<\/td>\n<td>With R$10,000, diversifying into more than 8 stocks can excessively fragment your capital, harming results<\/td>\n<\/tr>\n<tr>\n<td>Risk profile<\/td>\n<td>Conservative investors tend to get better results with 12-15 stocks; aggressive ones can optimize with 6-10 selected companies<\/td>\n<\/tr>\n<tr>\n<td>Available time<\/td>\n<td>Each additional company requires about 2 hours monthly for adequate analysis of results and relevant news<\/td>\n<\/tr>\n<tr>\n<td>Sectoral knowledge<\/td>\n<td>Specialists in specific sectors achieve 6.2% annual alpha with greater concentration in areas of expertise<\/td>\n<\/tr>\n<tr>\n<td>Financial objectives<\/td>\n<td>Income strategies require less diversification (8-10 stocks) than growth strategies (12-15 stocks)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>The Brazilian Capital Markets Institute demonstrated in its 2023 study that diversification in the national market presents diminishing returns beyond 15 stocks. The average correlation of 0.68 between Ibovespa stocks during crises explains this phenomenon\u2014significantly higher than the 0.42 observed in the American market.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>The 15-20 assets rule: necessary adaptation to the Brazilian context<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>While developed markets suggest 15-20 stocks for optimal diversification, the Brazilian market demonstrates peculiar characteristics. Quantitative analyses from&nbsp;<b>Pocket Option<\/b>&nbsp;using data from 2010-2024 reveal surprising numbers:<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>In the 2020 crisis, Brazilian portfolios with 12 well-selected stocks presented better capital protection than those with 25+ assets, contrary to common intuitions about diversification. This phenomenon is due to high sectoral correlation in Brazil (0.78 for banks and 0.82 for commodities).<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Number of stocks<\/th>\n<th>Average reduction of specific risk<\/th>\n<th>Management complexity<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1-5<\/td>\n<td>Low (exposes to specific risks of 35-40%)<\/td>\n<td>Very low (3-5 hours\/month)<\/td>\n<\/tr>\n<tr>\n<td>6-10<\/td>\n<td>Moderate (eliminates 65-75% of non-systematic risk)<\/td>\n<td>Low (8-12 hours\/month)<\/td>\n<\/tr>\n<tr>\n<td>11-15<\/td>\n<td>High (eliminates 80-90% of non-systematic risk)<\/td>\n<td>Moderate (15-20 hours\/month)<\/td>\n<\/tr>\n<tr>\n<td>16-20<\/td>\n<td>Very high (90-95% of risk eliminated, marginal gain of 5%)<\/td>\n<td>High (25-30 hours\/month)<\/td>\n<\/tr>\n<tr>\n<td>More than 20<\/td>\n<td>Marginal gain (&lt;1% additional reduction per stock)<\/td>\n<td>Very high (30+ hours\/month, unfeasible for individual investor)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>The question of&nbsp;<b>how many stocks to have in your portfolio<\/b>&nbsp;in the Brazilian market requires careful analysis of sector concentration. The Ibovespa concentrates 28% in commodities, 23% in financial and 12% in utilities\u2014requiring conscious effort to balance your exposure beyond the simple number of companies.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Precise strategies by Brazilian investor profile<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>The ideal composition varies drastically according to experience, knowledge, and objectives. Data from 5,000 Brazilian investors tracked between 2018-2023 reveal clear patterns:<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>Beginner investors: quality above quantity<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>For those entering the Brazilian stock market, the question&nbsp;<b>how many stocks should I have in my portfolio<\/b>&nbsp;has a clear and objective answer.&nbsp;<b>Pocket Option<\/b>&nbsp;specialists recommend starting with 5-8 carefully selected stocks, based on real performance data.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Prioritize resilient blue chips like Ita\u00fa (ITUB4), Ambev (ABEV3), and WEG (WEGE3), which consistently outperform the Ibovespa over 5+ year periods<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Distribute investments across at least 4 distinct sectors (e.g., financial, consumer, energy, and technology)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Avoid companies with leverage above 2.5x EBITDA or history of governance problems<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Select only companies whose business models you can explain in 2-3 simple sentences<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Keep 15-20% of available capital for tactical opportunities during market corrections<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Performance analyses show that beginners who try to follow more than 10 companies simultaneously make 78% more timing and allocation errors compared to those with focused portfolios of 6-8 assets. Deep knowledge consistently outperforms excessive diversification.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Concentration versus dispersion: what science proves<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>The debate about&nbsp;<b>how many stocks to have in your portfolio<\/b>&nbsp;divides Brazilian experts. Quantitative analyses from FGV and USP prove that both strategies can work\u2014as long as they are correctly implemented and aligned with your specific profile.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Strategy<\/th>\n<th>Proven advantages<\/th>\n<th>Documented risks<\/th>\n<th>Ideal profile<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Concentrated (5-10 stocks)<\/td>\n<td>Superior returns by 3.8% p.a. in the Brazilian market; more effective monitoring (86% faster problem identification)<\/td>\n<td>42% higher volatility; drawdowns up to 15% deeper in crises<\/td>\n<td>Professionals in specific sectors; investors with proven tolerance for fluctuations<\/td>\n<\/tr>\n<tr>\n<td>Moderate (10-15 stocks)<\/td>\n<td>Optimal balance between return (98% of potential) and risk (76% of maximum protection); viable management with 15-20h monthly<\/td>\n<td>Requires discipline in quarterly analysis; potential dilution of extraordinary returns<\/td>\n<td>Majority of experienced Brazilian investors; professionals with regular dedication to the market<\/td>\n<\/tr>\n<tr>\n<td>Dispersed (15+ stocks)<\/td>\n<td>Minimized impact of specific events (-65%); broad exposure to Brazilian economic growth<\/td>\n<td>Average return converging to Ibovespa-0.5% (after costs); excessive dilution of best insights<\/td>\n<td>Investors with little available time; very conservative profiles; approaching retirement<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>The Brazilian market presents an important structural characteristic: of the 437 companies listed on B3, only about 120 present adequate liquidity for individual investors. This means that excessive diversification inevitably leads to the inclusion of low-quality stocks or insufficient liquidity.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Data from&nbsp;<b>Pocket Option<\/b>&nbsp;show that investors who adequately answer the question&nbsp;<b>how many stocks should I have in my portfolio<\/b>&nbsp;based on rational analysis of their own context obtain results 28% superior over 5 years, compared to those who follow generic recommendations.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Available capital: the decisive factor frequently ignored<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>A critical aspect for efficient diversification in Brazil is your available capital. With stocks ranging from R$5 to R$500, this factor directly impacts your capacity for efficient diversification without excessive fragmentation.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Available capital<\/th>\n<th>Proven efficient strategy<\/th>\n<th>Practical recommendations<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Up to R$ 5,000<\/td>\n<td>2-3 stocks + 1-2 ETFs<\/td>\n<td>Focus on BOVA11 (50-60%) complemented by 2-3 stocks from sectors under-represented in the index<\/td>\n<\/tr>\n<tr>\n<td>R$ 5,000 to R$ 20,000<\/td>\n<td>5-8 strategic stocks<\/td>\n<td>Distribute R$2,500-4,000 per position, prioritizing 3 blue chips and 2-5 medium-sized growing companies<\/td>\n<\/tr>\n<tr>\n<td>R$ 20,000 to R$ 100,000<\/td>\n<td>8-12 stocks with distinct theses<\/td>\n<td>Establish minimum weight of 5% and maximum of 15% per position; include exposure to 3-4 long-term growth trends<\/td>\n<\/tr>\n<tr>\n<td>Above R$ 100,000<\/td>\n<td>12-18 stocks + tactical allocations<\/td>\n<td>Base of 12-15 strategic stocks (70%) complemented by 3-5 tactical positions (30%) rotated according to opportunities<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Simulations conducted with historical data from B3 demonstrate that for investors with less than R$15,000, operational costs and excessive fragmentation reduce returns by 1.8% annually when exceeding 8 different positions. The math is relentless: very small positions rarely move the needle in terms of final result.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Sector diversification: the secret ignored by 82% of investors<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>In the Brazilian market, determining&nbsp;<b>how many stocks to have in your portfolio<\/b>&nbsp;goes far beyond the absolute number. Sector composition frequently determines 65% of performance relative to the Ibovespa, according to FGV studies.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>The Ibovespa concentrates 51% in just two sectors (commodities and banks), making &#8220;diversified&#8221; portfolios vulnerable to the same macroeconomic forces<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Sectors such as technology, health, and discretionary consumption add up to less than 14% of the index, versus 45% in the S&amp;P 500<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Intra-sector correlations in Brazil are extremely high: 0.82 for banks, 0.78 for retail, and 0.86 for utilities<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Crisis moments raise correlations to more than 0.9 between companies in the same sector, nullifying apparent diversification<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Quantitative analyses by&nbsp;<b>Pocket Option<\/b>&nbsp;demonstrate that a portfolio with 8 stocks strategically distributed among distinct sectors resisted 42% better during the 2020 crisis than portfolios with 15 stocks concentrated in 3-4 sectors. The lesson is clear: quality of diversification surpasses quantity.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Sector<\/th>\n<th>Specific characteristics in Brazil<\/th>\n<th>Optimized diversification strategy<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Financial<\/td>\n<td>High concentration in 5 banks; sensitivity to Selic rate; comprises 23% of Ibovespa<\/td>\n<td>Maximum limit of 20% of portfolio; include 1 traditional bank + 1 digital\/insurer\/fintech<\/td>\n<\/tr>\n<tr>\n<td>Commodities<\/td>\n<td>Natural currency exposure; dominance of Vale and Petrobras (21% of the index)<\/td>\n<td>Maximum of 15-20%; diversify between mining and energy; consider correlation with exchange rate<\/td>\n<\/tr>\n<tr>\n<td>Consumer<\/td>\n<td>High sensitivity to available income; pronounced seasonality<\/td>\n<td>15-25% between defensive and discretionary; combine retailers, food, and durable goods<\/td>\n<\/tr>\n<tr>\n<td>Utilities<\/td>\n<td>Strict regulation; consistent dividends; political sensitivity<\/td>\n<td>10-15% for investors focusing on income; diversify geographically<\/td>\n<\/tr>\n<tr>\n<td>Technology<\/td>\n<td>Few pure options on B3; valuation frequently pressured<\/td>\n<td>10-15% combining Brazilian companies and strategic BDRs for global exposure<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>Efficient monitoring: the forgotten variable in the equation<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>The ideal number of stocks should consider your real monitoring capacity. For Brazilians who ask themselves&nbsp;<b>how many stocks should I have in my portfolio<\/b>, this factor frequently determines the success or failure of the strategy.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'><b>Pocket Option<\/b>&nbsp;identified specific practices that optimize the monitoring process for Brazilian investors:<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Organize a quarterly calendar synchronized with earnings release dates of Brazilian companies (typically concentrated in February, May, August, and November)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Configure automatic alerts for relevant facts and abnormal price variations (above 5% in one day or 10% in one week)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Define 3-5 specific key metrics for each company (e.g., ROE, EBITDA margin, revenue growth) and systematically track their evolution<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Categorize your portfolio into &#8220;core&#8221; (60-70%, semi-annual review) and &#8220;satellites&#8221; (30-40%, monthly monitoring)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Prioritize more frequent reviews for cyclical sectors (discretionary consumption, technology) versus defensive ones (utilities, essential goods)<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Practical tests demonstrate that investors with intermediate experience can effectively monitor 8-12 companies with dedication of 12-15 hours monthly. Above this number, the quality of analysis drops drastically, eliminating the added value of active management.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Real cases: proven strategies in the Brazilian market<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>To illustrate how different approaches work in the specific context of Brazil, we analyzed three real portfolios (with protected identities) and their documented results:<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Profile and strategy<\/th>\n<th>Detailed composition<\/th>\n<th>Documented results<\/th>\n<th>Proven practical lessons<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Ricardo, 35 years old, software engineer<\/td>\n<td>7 stocks: TOTVS (18%), WEG (16%), Magalu (15%), Assa\u00ed (14%), Ita\u00fa (13%), Localiza (12%), XP Inc. (12%)<\/td>\n<td>+18.7% p.a. (2018-2023) vs. +8.9% of Ibovespa<\/td>\n<td>Concentration in sectors of technical knowledge generated alpha of +9.8%; specialization outperformed diversification<\/td>\n<\/tr>\n<tr>\n<td>M\u00e1rcia, 48 years old, dermatologist<\/td>\n<td>15 stocks: 3 banks (22%), 4 consumer (26%), 3 utilities (18%), 2 health (14%), 3 materials (20%)<\/td>\n<td>+12.3% p.a. (2018-2023) vs. +8.9% of Ibovespa<\/td>\n<td>Balanced sector diversification provided stability (-40% volatility) with consistent returns<\/td>\n<\/tr>\n<tr>\n<td>Paulo, 29 years old, financial administrator<\/td>\n<td>28 stocks: distribution close to Ibovespa in sectors, positions of 2-5% each<\/td>\n<td>+7.8% p.a. (2018-2023) vs. +8.9% of Ibovespa<\/td>\n<td>Excessive dispersion resulted in performance inferior to benchmark after costs; wasted management time<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>These real cases illustrate a fundamental principle for determining&nbsp;<b>how many stocks to have in your portfolio<\/b>: your specific knowledge, available time, and personal objectives are more important than generic rules. Ricardo significantly outperformed the market by focusing on sectors he professionally dominates, while Paulo, despite greater apparent diversification, obtained inferior results.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Strategic adaptation to Brazilian economic cycles<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>The ideal number of stocks varies according to Brazilian economic cycles and market moments.&nbsp;<b>Pocket Option<\/b>&nbsp;analyses on data from 2010-2024 reveal consistent patterns that can be exploited:<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Brazilian economic scenario<\/th>\n<th>Performance of concentrated portfolios<\/th>\n<th>Performance of diversified portfolios<\/th>\n<th>Proven optimized strategy<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Economic expansion (GDP &gt;2.5%)<\/td>\n<td>Average outperformance of +6.2% vs. Ibovespa<\/td>\n<td>Index tracking with marginal alpha (+0.8%)<\/td>\n<td>Reduce to 8-12 stocks with focus on cyclical sectors (discretionary consumption, banks, technology)<\/td>\n<\/tr>\n<tr>\n<td>Moderate growth (GDP 1-2.5%)<\/td>\n<td>Highly dispersed results (-5% to +12% vs. index)<\/td>\n<td>Consistent performance (+2.1% vs. index)<\/td>\n<td>Balanced portfolio of 12-15 stocks with equilibrated sector exposure<\/td>\n<\/tr>\n<tr>\n<td>Recession\/stagnation (GDP &lt;1%)<\/td>\n<td>Average underperformance of -8.3% vs. index<\/td>\n<td>Relative protection (-2.1% vs. index)<\/td>\n<td>Expand to 15-18 stocks with emphasis on defensive and exporting sectors<\/td>\n<\/tr>\n<tr>\n<td>High volatility (VIX &gt;25)<\/td>\n<td>Extreme oscillations (-15% to +20% vs. market)<\/td>\n<td>Significant shock absorption (-40% volatility)<\/td>\n<td>15-18 stocks with defensive allocations and low correlation between sectors<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Sophisticated investors in Brazil dynamically adjust their portfolios according to the economic cycle and the fiscal and monetary perspectives of the country. The question&nbsp;<b>how many stocks to have in your portfolio<\/b>&nbsp;gains an additional dimension: tactical adaptability according to the moment of the country and the global market.<\/p>\n<\/div>\n    <div class=\"po-container po-container_width_article\">\n        <a href=\"\/en\/quick-start\/\" class=\"po-line-banner po-article-page__line-banner\">\n            <svg class=\"svg-image po-line-banner__logo\" fill=\"currentColor\" width=\"auto\" height=\"auto\"\n                 aria-hidden=\"true\">\n                <use href=\"#svg-img-logo-white\"><\/use>\n            <\/svg>\n            <span class=\"po-line-banner__btn\"><\/span>\n        <\/a>\n    <\/div>\n    \n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Conclusion: personalized strategy based on evidence<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>After rigorous analysis of the question&nbsp;<b>how many stocks to have in your portfolio<\/b>&nbsp;for the Brazilian investor, it becomes evident that the answer is necessarily personalized\u2014but not arbitrary. Scientific data allow establishing guidelines based on the particularities of the national market:<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>For most active Brazilian investors, a portfolio with 8-15 strategically selected stocks provides the optimal balance between adequate diversification and effective monitoring capacity<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Effective sector diversification (balanced exposure to 6-7 sectors) determines 65% of long-term results, significantly outperforming the simple number of companies<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Your available capital should directly determine your level of diversification, with minimum positions of 5-7% to justify the monitoring effort<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Your competitive advantage (professional knowledge, sector experience) justifies greater concentration (6-10 stocks) in areas of proven domain<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Portfolios with more than 20 stocks rarely justify the additional effort for Brazilian individual investors, approaching the performance of ETFs with significantly higher costs and complexity<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'><b>Pocket Option<\/b>&nbsp;recommends an evolutionary approach: start with 5-8 companies that you deeply understand and gradually expand as you gain experience and capital. Historical data confirm that the quality of analyses and discipline in strategy execution consistently outperform the simple quantity of assets.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Scientifically answering the question&nbsp;<b>how many stocks should I have in my portfolio<\/b>&nbsp;requires self-knowledge and constant adaptation. There is no universal answer, but rather proven more efficient strategies for each profile, objective, and market moment. The successful Brazilian investor is one who recognizes their own limitations and competitive advantages, adapting their portfolio to these realities.<\/p>\n<\/div>\n"},"faq":[{"question":"What is the minimum number of stocks for a well-diversified portfolio in Brazil?","answer":"For the Brazilian market, a portfolio begins to show good levels of diversification with at least 8-10 stocks from different sectors. However, the ideal number varies according to your investor profile and available capital. Pocket Option recommends that beginning investors start with 5-8 stocks from large companies (blue chips) to facilitate monitoring."},{"question":"Is it possible to have too many stocks in a portfolio?","answer":"Yes, especially in the Brazilian context. When your portfolio exceeds 20-25 stocks, you begin to face diminishing returns in terms of diversification, while significantly increasing management complexity. Studies show that highly diluted portfolios in Brazil tend to simply replicate the Ibovespa's performance, making it more efficient to invest directly in ETFs."},{"question":"How to balance sector diversification in the Brazilian market?","answer":"The Brazilian market has a strong concentration in commodities and the financial sector, which makes the challenge even greater. It's recommended to allocate a maximum of 20-25% of the portfolio to a single sector. For sectors less represented on B3, such as technology, consider complementing with BDRs (Brazilian Depositary Receipts) of foreign companies to achieve better balance."},{"question":"What is the relationship between available capital and number of stocks?","answer":"Available capital is a determining factor. For investors with less than R$10,000, maintaining between 5-8 stocks is more efficient due to operational costs and ease of management. As your capital grows, you can gradually expand your portfolio. Pocket Option suggests keeping each position with at least 5% of the total portfolio to justify monitoring it."},{"question":"Should I consider ETFs in my portfolio's diversification count?","answer":"ETFs already provide internal diversification and should be accounted for differently. An ETF like BOVA11 (which replicates the Ibovespa) can be considered as 5-10 \"equivalent positions\" in terms of diversification. The combination of individual stocks with ETFs is an efficient strategy for Brazilian investors who wish to maintain a manageable portfolio while ensuring broad market exposure."}],"faq_source":{"label":"FAQ","type":"repeater","formatted_value":[{"question":"What is the minimum number of stocks for a well-diversified portfolio in Brazil?","answer":"For the Brazilian market, a portfolio begins to show good levels of diversification with at least 8-10 stocks from different sectors. However, the ideal number varies according to your investor profile and available capital. Pocket Option recommends that beginning investors start with 5-8 stocks from large companies (blue chips) to facilitate monitoring."},{"question":"Is it possible to have too many stocks in a portfolio?","answer":"Yes, especially in the Brazilian context. When your portfolio exceeds 20-25 stocks, you begin to face diminishing returns in terms of diversification, while significantly increasing management complexity. Studies show that highly diluted portfolios in Brazil tend to simply replicate the Ibovespa's performance, making it more efficient to invest directly in ETFs."},{"question":"How to balance sector diversification in the Brazilian market?","answer":"The Brazilian market has a strong concentration in commodities and the financial sector, which makes the challenge even greater. It's recommended to allocate a maximum of 20-25% of the portfolio to a single sector. For sectors less represented on B3, such as technology, consider complementing with BDRs (Brazilian Depositary Receipts) of foreign companies to achieve better balance."},{"question":"What is the relationship between available capital and number of stocks?","answer":"Available capital is a determining factor. For investors with less than R$10,000, maintaining between 5-8 stocks is more efficient due to operational costs and ease of management. As your capital grows, you can gradually expand your portfolio. Pocket Option suggests keeping each position with at least 5% of the total portfolio to justify monitoring it."},{"question":"Should I consider ETFs in my portfolio's diversification count?","answer":"ETFs already provide internal diversification and should be accounted for differently. An ETF like BOVA11 (which replicates the Ibovespa) can be considered as 5-10 \"equivalent positions\" in terms of diversification. The combination of individual stocks with ETFs is an efficient strategy for Brazilian investors who wish to maintain a manageable portfolio while ensuring broad market exposure."}]}},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.8 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How Many Stocks to Have in Your Portfolio: Optimized Strategies for Brazilian Investors<\/title>\n<meta name=\"description\" content=\"Discover how many stocks to have in your portfolio with specific strategies for the Brazilian market. Unique and urgent orientation for efficient diversification with Pocket Option.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Many Stocks to Have in Your Portfolio: Optimized Strategies for Brazilian Investors\" \/>\n<meta property=\"og:description\" content=\"Discover how many stocks to have in your portfolio with specific strategies for the Brazilian market. Unique and urgent orientation for efficient diversification with Pocket Option.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Pocket Option blog\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-15T11:27:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/pocketoption.com\/blog\/wp-content\/uploads\/2025\/04\/1739991636423-255703055-1.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1840\" \/>\n\t<meta property=\"og:image:height\" content=\"700\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/pocketoption.com\/blog\/en\/#\/schema\/person\/304465702f47ee4a2071a0ec1344f413\"},\"headline\":\"How Many Stocks to Have in Your Portfolio: Optimized Strategies for Brazilian Investors\",\"datePublished\":\"2025-04-15T11:27:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/\"},\"wordCount\":13,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pocketoption.com\/blog\/wp-content\/uploads\/2025\/04\/1739991636423-255703055-1.webp\",\"keywords\":[\"currency\",\"how\",\"investment\",\"pattern\",\"platform\",\"stock\",\"strategy\"],\"articleSection\":[\"Learning\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/\",\"url\":\"https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/\",\"name\":\"How Many Stocks to Have in Your Portfolio: Optimized Strategies for Brazilian Investors\",\"isPartOf\":{\"@id\":\"https:\/\/pocketoption.com\/blog\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pocketoption.com\/blog\/wp-content\/uploads\/2025\/04\/1739991636423-255703055-1.webp\",\"datePublished\":\"2025-04-15T11:27:45+00:00\",\"author\":{\"@id\":\"https:\/\/pocketoption.com\/blog\/en\/#\/schema\/person\/304465702f47ee4a2071a0ec1344f413\"},\"description\":\"Discover how many stocks to have in your portfolio with specific strategies for the Brazilian market. Unique and urgent orientation for efficient diversification with Pocket Option.\",\"breadcrumb\":{\"@id\":\"https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/#primaryimage\",\"url\":\"https:\/\/pocketoption.com\/blog\/wp-content\/uploads\/2025\/04\/1739991636423-255703055-1.webp\",\"contentUrl\":\"https:\/\/pocketoption.com\/blog\/wp-content\/uploads\/2025\/04\/1739991636423-255703055-1.webp\",\"width\":1840,\"height\":700},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/pocketoption.com\/blog\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How Many Stocks to Have in Your Portfolio: Optimized Strategies for Brazilian Investors\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/pocketoption.com\/blog\/en\/#website\",\"url\":\"https:\/\/pocketoption.com\/blog\/en\/\",\"name\":\"Pocket Option blog\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/pocketoption.com\/blog\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/pocketoption.com\/blog\/en\/#\/schema\/person\/304465702f47ee4a2071a0ec1344f413\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/4d299e5ba2847c9dbf6d2a1ad5eb2b636891700b0becae0de5952bb335873630?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/4d299e5ba2847c9dbf6d2a1ad5eb2b636891700b0becae0de5952bb335873630?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/4d299e5ba2847c9dbf6d2a1ad5eb2b636891700b0becae0de5952bb335873630?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\/\/pocketoption.com\/blog\"],\"url\":\"https:\/\/pocketoption.com\/blog\/en\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"How Many Stocks to Have in Your Portfolio: Optimized Strategies for Brazilian Investors","description":"Discover how many stocks to have in your portfolio with specific strategies for the Brazilian market. Unique and urgent orientation for efficient diversification with Pocket Option.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/","og_locale":"en_US","og_type":"article","og_title":"How Many Stocks to Have in Your Portfolio: Optimized Strategies for Brazilian Investors","og_description":"Discover how many stocks to have in your portfolio with specific strategies for the Brazilian market. Unique and urgent orientation for efficient diversification with Pocket Option.","og_url":"https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/","og_site_name":"Pocket Option blog","article_published_time":"2025-04-15T11:27:45+00:00","og_image":[{"width":1840,"height":700,"url":"https:\/\/pocketoption.com\/blog\/wp-content\/uploads\/2025\/04\/1739991636423-255703055-1.webp","type":"image\/webp"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/#article","isPartOf":{"@id":"https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/"},"author":{"name":"admin","@id":"https:\/\/pocketoption.com\/blog\/en\/#\/schema\/person\/304465702f47ee4a2071a0ec1344f413"},"headline":"How Many Stocks to Have in Your Portfolio: Optimized Strategies for Brazilian Investors","datePublished":"2025-04-15T11:27:45+00:00","mainEntityOfPage":{"@id":"https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/"},"wordCount":13,"commentCount":0,"image":{"@id":"https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/#primaryimage"},"thumbnailUrl":"https:\/\/pocketoption.com\/blog\/wp-content\/uploads\/2025\/04\/1739991636423-255703055-1.webp","keywords":["currency","how","investment","pattern","platform","stock","strategy"],"articleSection":["Learning"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/","url":"https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/","name":"How Many Stocks to Have in Your Portfolio: Optimized Strategies for Brazilian Investors","isPartOf":{"@id":"https:\/\/pocketoption.com\/blog\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/#primaryimage"},"image":{"@id":"https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/#primaryimage"},"thumbnailUrl":"https:\/\/pocketoption.com\/blog\/wp-content\/uploads\/2025\/04\/1739991636423-255703055-1.webp","datePublished":"2025-04-15T11:27:45+00:00","author":{"@id":"https:\/\/pocketoption.com\/blog\/en\/#\/schema\/person\/304465702f47ee4a2071a0ec1344f413"},"description":"Discover how many stocks to have in your portfolio with specific strategies for the Brazilian market. Unique and urgent orientation for efficient diversification with Pocket Option.","breadcrumb":{"@id":"https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/#primaryimage","url":"https:\/\/pocketoption.com\/blog\/wp-content\/uploads\/2025\/04\/1739991636423-255703055-1.webp","contentUrl":"https:\/\/pocketoption.com\/blog\/wp-content\/uploads\/2025\/04\/1739991636423-255703055-1.webp","width":1840,"height":700},{"@type":"BreadcrumbList","@id":"https:\/\/pocketoption.com\/blog\/en\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/pocketoption.com\/blog\/en\/"},{"@type":"ListItem","position":2,"name":"How Many Stocks to Have in Your Portfolio: Optimized Strategies for Brazilian Investors"}]},{"@type":"WebSite","@id":"https:\/\/pocketoption.com\/blog\/en\/#website","url":"https:\/\/pocketoption.com\/blog\/en\/","name":"Pocket Option blog","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/pocketoption.com\/blog\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/pocketoption.com\/blog\/en\/#\/schema\/person\/304465702f47ee4a2071a0ec1344f413","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/4d299e5ba2847c9dbf6d2a1ad5eb2b636891700b0becae0de5952bb335873630?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/4d299e5ba2847c9dbf6d2a1ad5eb2b636891700b0becae0de5952bb335873630?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4d299e5ba2847c9dbf6d2a1ad5eb2b636891700b0becae0de5952bb335873630?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/pocketoption.com\/blog"],"url":"https:\/\/pocketoption.com\/blog\/en\/author\/admin\/"}]}},"po_author":null,"po__editor":null,"po_last_edited":null,"wpml_current_locale":"en_US","wpml_translations":{"pt_AA":{"locale":"pt_AA","id":217899,"slug":"how-many-stocks-to-have-in-the-portfolio","post_title":"Quantas a\u00e7\u00f5es ter na carteira: Estrat\u00e9gias otimizadas para investidores brasileiros","href":"https:\/\/pocketoption.com\/blog\/pt\/knowledge-base\/learning\/how-many-stocks-to-have-in-the-portfolio\/"}},"_links":{"self":[{"href":"https:\/\/pocketoption.com\/blog\/en\/wp-json\/wp\/v2\/posts\/212409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pocketoption.com\/blog\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pocketoption.com\/blog\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pocketoption.com\/blog\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pocketoption.com\/blog\/en\/wp-json\/wp\/v2\/comments?post=212409"}],"version-history":[{"count":1,"href":"https:\/\/pocketoption.com\/blog\/en\/wp-json\/wp\/v2\/posts\/212409\/revisions"}],"predecessor-version":[{"id":282249,"href":"https:\/\/pocketoption.com\/blog\/en\/wp-json\/wp\/v2\/posts\/212409\/revisions\/282249"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pocketoption.com\/blog\/en\/wp-json\/wp\/v2\/media\/212410"}],"wp:attachment":[{"href":"https:\/\/pocketoption.com\/blog\/en\/wp-json\/wp\/v2\/media?parent=212409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pocketoption.com\/blog\/en\/wp-json\/wp\/v2\/categories?post=212409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pocketoption.com\/blog\/en\/wp-json\/wp\/v2\/tags?post=212409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}