Dear Community,

Following the events of the last few weeks, I have decided to reduce my US holdings and diversify my ETF portfolio more broadly.

I am currently investing in the $CSPX (-4,45%) and the $AVWS (-7,67%) as an admixture. I no longer hold any individual shares.

I also have a savings plan in place $BTC (-0,43%) and some play money in crypto.

I would like to bring the US share to around the level of a world etf (70.%), so I'm wondering what the smartest approach is.

Option 1: Sell $CSPX (-4,45%) and buying a world etf like $VWCE (-3,47%) or $AVWC (-6,08%)

When selling my s&p etf, taxes would of course be due (currently 25% return). I live in Austria if this is relevant.

Option 2: keep the s&p and buy 1-2 etf in addition e.g. $MEUD (-2,97%) and $XNKY (-3,93%) and save. Here I could of course plan the weighting individually, but it is also a bit more time-consuming in terms of rebalancing.

I would appreciate a few opinions, thank you!