Is VOO still the way?
Hey guys, 32 year old ex-VP here. Once a year, I like to recalibrate my personal investment portfolio. All I've got [since I started recently investing] is VOO. I can own individual stocks, but it's too much hassle and my track record is terrible (have lost $25,000+ in concentrated positions). Overall ETFs like VOO seem to have a good performance over the decades, and the cost is exceptionally low. ETFs just make sense to me from a fundamental perspective.
Some younger analysts have said that ETFs like VOO/SPY are for old boomers and that buying crypto, NFTs, "digital" real estate and "underdog" stocks are the way forward. I don't agree with this at all, but I feel caught in the middle (not old, not young). I've been a Bitcoin denier since inception, and I have obviously been on the wrong side of that (Ken Griffen also recently did a full 180).
Is anyone willing to share their opinion on personal asset allocation strategy?
I'm only an intern, but VOO is my main holding. It's something I can DCA into stress-free on a monthly basis from the start of my career to the end. Not sure what restrictions are going to be placed on buying and selling of individual stocks once I start, so VOO is the best option for me personally.
You may only be an intern, but it's helpful to know what investments people your age are into. Thanks!
I went mostly TQQQ. Bought at the peak and lost like half my portfolio, but high risk high reward so
You didn't lose anything if you didn't sell...literally. It's not a short term trade. You're investing for the long term and will outperform all these VOO guys in here significantly
I pick stocks for myself and put $500 a month into a few different cryptos. That's it though. Don't really use TQQQ or VOO. For reference I just gradated college last summer. I work in stock picking so my personal account is always a topic of discussion for people at my company. I'd still be doing exactly what I'm doing on a smaller scale regardless.
I have VOO along with some particulars, I own some MS for financials exposure, SPCE for space exploration exposure and MJ (weed etf) for exposure there (my biggest position outside of VOO). I also DCA into ETH weekly. I am only an intern, but that's what I hold/am buying.
50% SPY, 25% TQQQ, 10% Cash, rest in a bunch of smaller individual bets
Will add more TQQQ on every 5-10% dip, whether it’s coming out of cash or rotating out of SPY.
Full index is a great way to retire old, but I want to retire from my day job in my 40s at latest.
Any rationale for not going with UPRO?
Note - I do have some UPRO in my “other” bucket, but not as large as TQQQ position.
I picked TQQQ over UPRO for the “core” levered holding just because I personally believe big tech will continue outperforming over the next decade, vs. the broad sector exposures. I do plan on DCA’ing as tech gets smashed in this pullback / interest rate environment
Ahh i mean holding UPRO instead of SPY. I suppose you likely want less volatility with that portion of your PA?
Ahh I see. Yeah no way in hell are my balls that big. SPY is the basic beta exposure that helps me sleep better at night, knowing TQQQ is down bigly
May our balls grow big, and our gains even bigger. Godspeed fellow TQQQer
Is now a really good time to buy tqqq? Almost reminiscent of the march 2020 but still cautious as I think we re still trending down and probably havent bottomed yet?
Almost reminiscent except we are like 30% above the pre-COVID nasdaq high….
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