Hi Community,

I am in the process of restructuring my portfolio of around €120k and adjusting the savings plans accordingly - I would like to hear your opinion on this and use the swarm intelligence. My target portfolio should look like this in a few months, the savings plans should be adjusted and probably rebalanced 1x-2x per year:

• 42.5% MSCI World $IWDA (-1.03%)
• 42.5% S&P500 $XSXD (-1.13%)
• 10% gold $IGLN (-0.55%)
• 5% BTC $BTC (+0.78%)

Briefly about me: investment horizon 30+ years, prefer distributing ETFs from a tax perspective (Austria), am already diversified across investments with bonds and a property

The clump in the USA is quite intentional - the majority of US companies in the indices operate worldwide, which is of similar importance to me as the location of the companies. I deliberately decided against an emerging market ETF because I have confidence in the developed countries and do not foresee the USA losing its supremacy in the distant future.

Would you share this view or change it (e.g. leave out the S&P500 and put 85% in the World?)?

SWAP-based or full replication for ETFs?

I am wavering between $XSXD (-1.13%) (Xtracker) or $IUSA (-1.13%) (Ishares). Both perform equally well (of course), both are distributing... The only difference is that the former is SWAP-based and the IShares ETF is not. The ETF from XTracker is about 0.5% cheaper for me.

I understand both types of replication, but I find a SWAP just as safe as a physical replication due to the hedging.