Hi everyone! I'm a 19 year old that's relatively new to investing. I've read a lot about the market and have only dipped my toes periodically; In the past I've invested in individual stocks, and crypto, and even made some money in the progress! I attribute that to pure luck though, especially with altcoins I invested in (you can probably guess which, lol). Anywho, since then, I've collected my “winnings”, and essentially gotten rid of my gambling form of investing I was doing before, crypto especially.
My new focus is to invest for the long term, and gradually build wealth; For now, I have my own job and am making my own money, and am living with my parents, so I can allocate some money often into the account, while also having savings.
As of now, I have invested into a couple of ETFs, but I've been concerned with overlapping in some of my choices, and wonder if setting money somewhere else would be more beneficial. I know some overlap isn't generally a bad thing, but I want to keep it to a minimum, for the sake of diversification.
My portfolio is currently 88% ETFs, which consist of: VTI, VOO, QQQM, IYY, VXUS, SCHP.
Should I be concerned of overlap between my choices? What would you remove/add?
Any other advice is also greatly appreciated!
Leave a Reply