FZROX and FZILX 80/20 vs SPY QQQ SCHD long term[](https://www.reddit.com/r/Bogleheads/?f=flair_name%3A%22Investing%20Questions%22)i have been going back and forth on my long term portfolio and wanted to get some opinions.
option 1
• 80 percent FZROX
• 20 percent FZILX
simple total market approach with international exposure and ZERO expense ratios
option 2
• SPY as a core
• QQQ for growth tilt
• SCHD for dividend and value tilt
from what i understand
• FZROX and FZILX gives broader diversification including small caps and international
• SPY QQQ SCHD is more us focused with a heavier tech and dividend tilt
• QQQ has historically outperformed in tech driven markets but with more volatility
• SCHD adds income through dividends but can lag in strong bull runs
FZROX/FZILX: *0% expense ratio*.
SPY: \~0.09%
QQQ: \~0.20%
SCHD: \~0.06%
my goal is long term growth over decades. i am young and fine with volatility but i also value simplicity.
for those who have looked into this deeply
• do you think i should take advantage of QQQ and SCHD right now to meaningfully improves long term returns
• or is a simple total market 80 20 strategy likely to win over time due to diversification and lower costs
• is international exposure still worth holding long term
appreciate any thoughts from people who have run the numbers or stuck with one of these approaches for years.