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. 

 

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 

 

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?

 

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