I often see mutual fund managers and personal finance experts recommend limiting your portfolio to no more than 5 mutual funds. This advice is widely echoed across platforms like Reddit and various finance communities, typically in the context of avoiding redundancy, overlap, and portfolio clutter.
But as someone who’s investing with a 20–30 year horizon, I’m wondering how this advice holds up in real-world scenarios, especially for those of us who want to take opportunistic exposure to thematic, cyclical, or sectoral funds, or even gold funds during favorable phases.
