Comment by fakedang
3 days ago
I didn't mean buy any ETFs either. I was making the case for individual stock holding, as a response to my parent comment.
3 days ago
I didn't mean buy any ETFs either. I was making the case for individual stock holding, as a response to my parent comment.
To your point though, even Berkshire Hathaway invests in VOO and SPY: https://www.morningstar.com/funds/spy-vs-voo-which-warren-bu...
I think there's value in having things diversified and rebalanced automatically, especially if you don't have any confidence in your own ability to do so. Yes, you sometimes get stuff that's overvalued and thus over-represented, but in theory if the stock tanks the portfolio will be rebalanced and thus become a smaller percentage of the total holdings.