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StrategyRisk: Medium· Time: MediumBeginnerQuality

Core-Satellite

A safe index core plus small satellite bets for extra return

80% in a cheap global index fund (the core). 20% in individual stocks or thematic satellites you have a clear thesis for. The satellites should complement the core — not duplicate it.

Principles
  • The core captures the market's return — cheap and tax-efficient.
  • The satellites are where you take risk — small positions, clear theses.
  • No satellite should ever get big enough to sink the whole portfolio.
Rules
  1. 1.Core = 80% in a broad global index fund.
  2. 2.Satellites = max 5% per position.
  3. 3.Rebalance quarterly back to target weights.
  4. 4.A written thesis is required before adding a new satellite.