As another commenter pointed out, you’re essentially betting heavily on tech, which may or may not work.
But why bother picking individual stocks if you can get lower expenses and higher rebalancing efficiency for your factor tilt by picking a tech ETF instead? You also wouldn’t have to count on Nvidia, Google and the like retaining their top positions forever.
There’s also no guarantee that S&P 500 won’t end up trailing world indices in the near future.
Probably because I don't see other public tech companies right now that can challenge the AI incumbents. None of the AI chip startups looking to challenge Nvidia are public companies. I don't see any potential AI consumer companies that can challenge AI delivery to consumers better than Apple, Microsoft, Google, Amazon can.
Many of the tech companies in the NASDAQ are themselves older, "traditional" tech companies which can be disrupted by AI as well so I don't want to buy into all tech companies.
I might switch to a tech ETF in the future. But right now, I prefer my own picks.
But why bother picking individual stocks if you can get lower expenses and higher rebalancing efficiency for your factor tilt by picking a tech ETF instead? You also wouldn’t have to count on Nvidia, Google and the like retaining their top positions forever.
There’s also no guarantee that S&P 500 won’t end up trailing world indices in the near future.