Hi everyone, hope you're all doing well!
Posting this just to see if my train of though is wrong and really just to ask a question. Before I get to my question, some context. I'm 25 years old and reside in a European country that uses Euro as its main currency. I currently have just under $40K in VOO which makes up 50% of my portfolio. The other 50% is in individual stocks.
So I've been investing in the S&P500 index for the past 6 years or so through VOO and have only recently come across VUSA. The main feature that attracted me to VUSA, is the fact that I will not need to exchange my euros to dollars in order to invest in the S&P500. With the way I currently invest in the S&P500 through VOO, I am exposed to fluctuations between the dollar and the euro, and I would much rather not have that added risk.
My question is, would it be a good decision to keep the current position I have in VOO and simply move the amount I invest in my portfolio every month to VUSA instead? My plan would be to continue to invest what I do monthly into VUSA instead of the VOO, and reinvest the dividends made from both funds into VUSA.
The reason I do not want to sell my VOO position and reinvest it in VUSA is because at this point in time, the S&P500 is at an all time high, and I would much rather not have my average cost be at the current highs the fund has hit and just start averaging in from now.
What do you think would be best to do in this situation?
Thanks in advance to anyone who comments!
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