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That would actually be too many positions for me if you were to rely purely on ETFs. Nevertheless, it's understandable and you must feel comfortable with it.

Is there a reason why you almost completely exclude countries like Asia, India and EM in general?
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@CopLui Japan and Asia will be represented in the ETFs. If they become stronger, the shares within the ETFs will also shift so that they are more heavily weighted than at present.
I don't think I need an additional "bet" on individual markets

The major indices (or a ggrp or tdiv and fgeq) will take care of that on their own over time