In point 5 you say " Buy your coins and you're done!".
You will be "done" if the exchange goes bust or gets hacked. IMHO it is worth shifting the coins to a wallet where you control the private keys and not the exchange (unless you intend to reconfigure your portfolio in the very near future).
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This is a great addition to my post. My post is to get people moving int he right direction. I like the additional questions you posted for once you have a portfolio. No one cares if an exchange goes bust or gets hacked unless they have money invested there.