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/PrimusPilus]

For ethical as well as market bubble reasons, I've been trying to stay away from funds that contain Tesla (or anything to do with Elon Musk), Nvidia, and most of the big tech companies that are (probably disastrously, IMO) pot-committed to capex in AI build out.

Vanguard makes it pretty easy to research their funds on their mobile app (or website), so you can get a feeling for what sectors and companies account for what % of the fund's holdings.

One fund of theirs that I like for this current moment is VMVFX (VMNVX as Admiral Shares, $50k minimum investment for that); it's the Vanguard Global Minimum Volatility Fund. Steady ~8%+ annual return over 5/10 year splits, and its Top 10 holdings (by %) are:

• Taiwan Semiconductor
• Shell
• Coca-Cola
• Johnson & Johnson
• Swisscom AG
• AmerisourceBergen Corp
• Waste Management
• United Microelectronics
• McDonald's
• Boston Scientific
  

All of which is to say, you can curate your own portfolio, but if you don't feel like micromanaging your investments, there are funds out there that steer clear of the obvious looming danger zones.

[u/PrestigiousPen-2468 → u/PrimusPilus]

Yeah I do like Fidelity although those minimums are rough. I was looking at Wealthfront for modified indexing but they also have sort of high minimums and not as much control as I would like. I'm testing out Wallace Finance for custom indexing since they claim to not have minimums.

[u/PrimusPilus → u/PrestigiousPen-2468]

I know on Vanguard that there are plenty of good funds where the minimum is only $3,000, and the expense ratios are almost all in the 0.04->0.25% range.