I want some honest advice on holding this portfolio for 20+ years. My thesis is basically that these larger tech companies will consume their unfair share of value creation over the next decade, especially as AI, Robotics and Space become more established industries. I also think they are safe long term individual holds as I cant see these companies going out of business (even just considering their balance sheets). I can’t convince myself that international or small/mid caps will outperform the top 500 companies in the US long term with what I think is coming from a technology perspective. I know there is risk to this portfolio and I am not that concerned about drawdowns as I should have the income to sustain my lifestyle. My hope is that long term holding of this portfolio will set me up very well into retirement and give me incredible assets to pass down to my future generations. I don’t really have anyone to stress test this thesis with in an educated way so I wanted to post here and see what others think about this. It's worth mentioning that a lot of these holdings are very much "in the green" from a cost basis perspective. My plan over the foreseeable future is to continue putting money into retirement accounts up to the max, allocate \~100K or so towards S&P500 exposure in my investment account per year for as long as I can, and then allocate another 20K investment towards SpaceX when they IPO. I want to let the individual holdings sit for a long time before considering rebalancing or trimming.
What am I missing or what do I have wrong? Do I have too much recency bias in my holdings if I intend for them to be long term assets? When I am 50 will this turn me into a multi millionaire or leave me wishing I had more diversity?
|Account|**Balance**|**Portfolio** **Weight**|
|:-|:-|:-|
|Robinhood (Tech Stocks + S&P 500)|$328,149|50.13%|
|Crypto (Bitcoin)|$133,507|20.40%|
|401K (S&P 500)|$120,031|18.34%|
|IRA (S&P 500)|$36,496|5.58%|
|Roth IRA (S&P 500)|$27,935|4.27%|
|HSA (S&P 500)|$7,299|1.12%|
|Roth 401K (S&P 500)|$1,161|0.18%|
|**Total**|**$654,579**|**100.00%**|
|Holding|**Total Balance**|**Portfolio Weight**|
|:-|:-|:-|
|S&P 500|$257,091|39.28%|
|Bitcoin|$133,507|20.40%|
|Tesla|$44,763|6.84%|
|Alphabet|$37,954|5.80%|
|Cash|$37,007|5.65%|
|NVIDIA|$35,868|5.48%|
|Amazon|$24,445|3.73%|
|Apple|$23,136|3.53%|
|Microsoft|$22,974|3.51%|
|Meta|$19,023|2.91%|
|TSMC|$18,811|2.87%|
|**Total**|**$654,579**|**100.00%**|