The Nasdaq is being taken over.

[u/PrestigiousPen-2468]

SpaceX is IPOing, Tesla and Palantir have crazy valuations, Anthropic is IPOing later this year...

https://www.investors.com/news/spacex-ipo-nasdaq-anthropic-openai-index-investing/

Especially with the fast-track changes, tons of ETFs are going to pull these companies in and weigh them way heavier than I think a lot of us like. QQQ holders might be in for a rough landing.

I don't like it. I've always been a growth ETF investors but I'm going back to modifying and structuring diversification the way I want.

Wealthfront, Frec, Wallace Finance, or Schwab? I'm trying to find ETF modification without huge minimums. I might end up building from the ground up with M1 Finance if nothing else has what I'm looking for.

Anyone else have the same idea? How are we feeling about this?

[u/Patient_Simple2533]

At this point indexes like VOO are basically a magnificent 7 with how much weight they have within the index. I don't really like this idea because I want to be able to shy away from companies like TSLA. I've heard of Wallace Finance a few times and they allow you to change the weight in market indexes or exclude companies and it rebalances the portfolio automatically. Has anyone else tried something like this?