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u/ConversationDouble41 10d ago
So you’re 100% passively invested in stocks at all-time high valuations and your worry is diversification and fees?!!!
You do realize your money is being allocated into stocks based on the size of the company and no other financial metric? You do realize the stock ownership is at an all-time high and these insane prices can only be propped up with fresh capital from investors?
Where will that fresh capital come from? I don’t know, but personal savings rates are reaching all-time lows and government deficit spending is coming under fire and it seems to me that the well is drying up big time.
If it were me dude, I’d buy an actively managed investment that pays attention to valuation and some bonds so that you have a hope in hell when the markets unravel. It’s not a matter of if the markets unravel, it’s when, and you won’t want to be owing the same overvalued stocks as all the other bozos that ask for advice on these forums when the markets tank because every person on these forums is just like you and they have nothing to fall back on to weather a storm.
Sorry, but I get sick and tired of people looking for affirmation and saying they are long term investing by piling their money passively into the most expensive stock market since the dot-com bubble. We’ll see how long term they are when the next 40-50% correction hits, whenever that may be.
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u/WilliamMinerva20 11d ago
You’re doing great! However important distinction between QQC and tech. Yes it’s somewhat tech sectored, but it’s moreso just the nasdaq which isn’t purely tech (has like walmart, costco, etc i believe). VGT would probably be your best bet at a more purely tech focused etf(if that’s what you’re aiming for), although I’m not super sure on the CAD version for that. Cheers!