I started investing not too long ago (ETFs for a couple of years, and individual stocks around fall 2025). When I started, I learned what I like and what kind of investor I wanted to be.
In short: a concentrated portfolio (max 8-10 stocks) of high-quality companies, trading at a good price (at least the lower end of fair value --> conservative approach), that still have room to grow and that I'll only sell if the story is evidently broken (buy-and-hold mindset).
I don't know how to approach this AI craze, so I am very conservative on that aspect. Companies like Microsoft, ServiceNow, Salesforce, Adobe etc.. are not my prime targets. Probably will be missing out, but I just stay clear for now. They are on my watchlist though so if it gets ridiculously cheap, I'll reconsider.
Now, I slowly started opening positions in companies I enjoy because of the business model, reputation, management and that trade(d) at good valuations.
I hold a position in [Topicus.com](http://Topicus.com), Nu Holding, Mips AB and Wolters Kluwer NV.
To my question: Because I want to keep my portfolio concentrated, I would like more exposure to the US, but none of the companies I would like to have in my portfolio trade at the desired price (Google, Intuitive Surgical, Rollins, Cintas, Idexx Lab, McKesson, Heico, MSCI, Ecolab).
However, I have a couple of EU companies that did (or are very close to) reach a desired price, such as Nemetschek, Adyen or SAP.
If I invest my money in these, my portfolio would be overwhelmingly EU-focused, and I'd limit the number of US companies I could add if I wanted to keep an easy and concentrated portfolio.
What do you do? Are you ever concerned about where your portfolio is exposed, or are you opportunistic and invest in companies you like, regardless of geographical (or even macro) concerns ?
