I am seeking advice on how to balance my portfolio.
*I am 38, 400k mortgage, 500k equity in home. No other debt. Would like to retire at 60-65 years old.
*I live in Boston, joint income of $350k, saving about 15% currently while kids are in daycare.
*I have about 730k in investments/cash. 35k is cash and 55k is a brokerage account, remainder is mix of 401k IRA or Roth
*Im heavily invested in US stocks (85% of all portfolio). Currently invested heavily in the S&P and Large Cap ETFs. Also, About 10% of the 730K is invested pretty equally in these individual stocks: Google, Meta, AVGO, AMZ
*3% is invested in bitcoin
*remaining 12% is in international/small cap/value stocks.
I’m not afraid of taking risks and what I’ve been doing has been working. However, I’m seeking advice on a more optimal approach to what I am currently doing. I’m happy to take a small dip in upside to reduce some risk. I’m currently considering increasing my small cap allocation and buying more bitcoin.