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The $IESE definitely belongs in the garbage can
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@Soprano Good consideration, was also thinking of selling this and simply switching to the MSCI World, the primary consideration here when buying was to balance out the high US share. Thanks for the input!
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@birken-stocks The question is, what is the point of equalizing the US share? Let's assume that most stock corporations operate internationally anyway. Then there are really only advantages to being domiciled in the USA -> low taxes, low energy costs, low non-wage labor costs, access to highly qualified specialists, access to the most important reserve currency, etc.

In my opinion, a one-ETF solution with an ACWI or World is perfectly adequate.

If you want to be even more radical, you could go as far as just going for the pure S&P500. All sectors are in there anyway and the turnover and sales are generated worldwide - Warren Buffet also recommends this.
The whole thing is then garnished by buying the 10 best shares from Europe, Japan and India as individual shares (with a 1% weighting). The legendary €2 savings plan is then actually enough xD
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@Soprano brilliant suggestion! Thank you! I'm currently thinking about 70-20-10 as I already own MSCI World and EM. I would also consider 10% Nasdaq to benefit from tech in particular. Since my goal is long-term anyway and I'm still young, I don't think it's a bad idea.
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@birken-stocks I'm not a fan of either the EM or the Nasdaq. I find 40% in China/Taiwan scary and the Nasdaq makes no sense. Neither are all tech companies in the Nasdaq nor are all 100 companies in the Nasdaq even remotely tech companies. You get a $MDLZ or $HON in the Nasdaq, but you have to do without $CRM and $V, which are only available via the Dow Jones industrial index. Totally logical, right?

That's why the S&P500 is actually the best mix of performance and meaningful market coverage.
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