I’m 41 with a fairly aggressive portfolio, at least compared to a typical Bogleheads approach. My current allocation is 50% VTI, 25% VXUS, and 25% VGT.
I’ve been thrilled with VGT’s performance over the years, but I’m increasingly concerned about its lack of diversification (see comparison: https://www.etf.com/tools/etf-comparison/QQQM-vs-VGT
). I realize this may sound odd given that both funds are relatively concentrated, but VGT has roughly 41% of its holdings in Nvidia, Apple, and Microsoft, compared with about 24% for QQQM.
While Nvidia has been an absolute rock star over the past few years, that level of concentration gives me some pause. Do you have any thoughts on moving from a 25% allocation in VGT to 25% in QQQM? It’s entirely possible I’m overthinking this.
Thank you!
P.S. - Also note that VGT holds ~325 holdings while QQQM is ~100.