Stick with my “Magnificent 7” (well 5) or move to QQQ?


Hey all, I retired recently at age 55 and have been pondering about my investment strategy for the coming years. Specifically, I'm caught between rebalancing my current tech-heavy portfolio, adding AAPL to the mix, or just simplifying life by moving everything into QQQ.

This particular portfolio makes up around 30% of my total retirement savings, and I plan to start drawing it down slowly in about 2 years.

My Current Portfolio

MSFT: ~75%

AMZN: ~9%

NVDA: ~8%

TSLA: ~6%

GOOG: ~1%

Some Context:

I earned my MSFT shares during my career there and am pretty bullish on their future, hence the big slice of the pie they occupy. I added the TSLA in 2016 and sold a few when it had a big gain but again I'm bullish on them. Most of the stocks have been held for at least 3 years.

So, what are your thoughts?

Should I rebalance these existing stocks?

Should I consider adding AAPL to diversify a bit within the tech sector?

Or should I just move it all into QQQ for ease of management?

Just seeking opinions.

If I don't simplify now I will need to in the coming years. I have a couple of years of cash equivalents available and will rebalance annually.

I'm not keen to just put it all in in an S&P tracker or whatever as I believe tech will out perform for the foreseeable future. Also much of the rest of my retirement fund is well diversified in managed funds I can't touch yet due to tax/age.

Cheers!


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