TSM Reddit Mentions | ChartExchange

Edit: the formatting is fucked below, but I can't get the line breaks to actually work. Sorry.
Buddy, this is a terrible portfolio. Not meant as an insult, but in order to understand your goals and beliefs, we need to know what you were thinking when you made it.
People have already pointed out that you've got a lot of overlap, but I think we really need to reinforce just how much all of your eggs are in the tech bucket.
QQQ is over 50% tech by market cap. VOO is over 34%. VGT is obviously 100% tech. Then the semiconductor ETF is 100% tied to tech as well. That's over 60% into tech when you include VXUS (where one of the largest holdings is TSM).
And that's just a sector concentration - a sector that is basically priced for perfection. Add to it that NVIDIA is a huge individual position represented in QQQ, VOO, VGT, SMH, and TQQQ.
You're betting so heavily on a few companies and a single sector.
SMH, QQQ, and TQQQ are all bad funds too. Investing in one listing company over the other makes no sense (QQQ), themed-ETFs strongly tend to underperform (SMH), and leveraged ETFs are a gamble which are designed to be short-term positions (TQQQ).
If you have an exit strategy in mind for TQQQ, then so be it. If you don't, you should sell it on market open tomorrow.
Leveraged ETFs have a risks and issues that the underlying index doesn't have.
Issues:
• expense ratio - TQQQ as an example is a .8% expense ratio, which is very high.

• interest-related fees - This is somewhat included in the above expense ratio, but it's important to specifically indicate that leveraged funds are influenced by market interest rates, which means that if we have another high inflation period of time, the leveraged fund becomes more expensive. This monitoring of shifting expense ratios isn't normal in the underlying index.
• TQQQ specifically is a 3x leveraged fund. Backtesting shows that for a buy-and-hold strategy, 2x leveraged funds outperform 3x leveraged funds.
Risks:
• in a market with high volatility, the leveraged fund returns less than it would in a low volatility environment.
• In a market ripe for valuation compression, you're picking a leveraged fund that is comprised of companies most at risk for said compression. That leverage cuts both ways.
Personally, I wouldn't buy anymore tech exposure in the current environment other than what comes natural through market exposure (VOO, VTI, VT), but if you're a true believer in tech, VGT is a good fund for that exposure.
There's no reason for anyone to own QQQ but reddit loves it because they love performance chasing. Ask ChatGPT about it.
You have nothing that protects you from compressed valuations. No funds with a value or quality screen. You've also got zero exposure to small caps and minimal exposure to mid-caps (via SMH, VGT, and only ever-so-slightly from QQQ), though it's hardly a diverse subset of midcap companies.