It's common sense to educate newer investors that it's not wise to invest in singular companies ($AAPL, $TSLA, $META, etc.) considering the collapse of Enron in the early 2000's. From TikTok influencers to Warren Buffet, it's repeatedly suggested to invest as much capital into the S&P 500 as early as possible. Though wise, I think this financial advice undermines one major flaw; the United States may or may not collapse in the future. Given the Fall of the Western Roman Empire, history has taught us that no empire can last forever.
I'm a 22M with 100% of my portfolio diversified in US Equities. I never considered foreign indices (Hang Sang, Nikkei 225, DAX40, FTSE100) due to their underperformance compared to US indices, however, this recent thought has inspired the possibility of re-allocation to invest in international markets. Zooming out even further, this argument may lead to the idea that investing in the entire planet Earth may be "putting all of your eggs in one basket", and that the entire human population can be wiped to zero in a mass extinction event. At that point, we would have much bigger problems than an underperforming portfolio.
How is your portfolio diversified? Open to discussion and want to hear your thoughts!!
Edit: I should probably include that I experienced a very bad trip last night and went into a state of derealization.
Submitted December 29, 2022 at 02:36PM by playboi-rich https://ift.tt/L6JrF35
