22yo – Rate my longterm portfolio

22yo – Rate my longterm portfolio I’m 22 and just started working full-time. I’m currently able to invest/save around **$850 per month**, and I expect that amount to increase over the next few years as my salary grows (I work as a data scientist). My current target allocation is: **60% MSCI World** **20% Azvalor / AzValue** (actively managed value fund) **15% Emerging Markets** **3% Gold** **2% Bitcoin** My main goal is **long-term wealth accumulation**, with a time horizon of **20+ years**. I have a pretty high risk tolerance and I’m comfortable with large drawdowns, so I’m not particularly interested in bonds/fixed income at this stage. I’ll probably want to buy a house at some point, potentially in around **10 years**, but that isn’t a fixed deadline or my main financial priority right now. My idea would be to start moving whatever amount I eventually need for the down payment into safer assets several years before buying rather than making the whole portfolio more conservative today. My plan is basically to **DCA every month, rebalance periodically, and hold long term**. A few things I’m particularly interested in hearing opinions on: Is **20% in an actively managed value fund** too much? Is **15% Emerging Markets** reasonable alongside MSCI World, or am I overweighting EM too much? Does the **3% gold / 2% Bitcoin** allocation make sense, or is 5% too small to have a meaningful impact? Would you simplify the portfolio further? Is there anything important I’m missing given my age and time horizon? Feel free to tear it apart. I’m more interested in hearing the downsides of the allocation than having people validate it.