In this segment from The Motley Fool's everything-financials show, Where the Money Is, banking analysts David Hanson and Matt Koppenheffer take a question from their mailbag about diversifying a smaller portfolio. Matt suggests no more than 10 stocks and to be mindful of trading fees, while David points to big, diversified conglomerates like Berkshire Hathaway (NYSE:BRK-B) as a good starting point.

David Hanson has no position in any stocks mentioned. Matt Koppenheffer owns shares of Berkshire Hathaway. The Motley Fool recommends Berkshire Hathaway. The Motley Fool owns shares of Berkshire Hathaway. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.