23M, ~$68K portfolio, return over 3 years – Should I switch to index funds or keep picking stocks?
so I'm 23, been investing for about 3 years now. started with around $26.8k total invested and my portfolio's sitting at ~$68k
here's what I got:
GOOGL $36200(53%) but I really believe in google long term, especially with the AI stuff. gemini, cloud growth, search still printing money. this has been my best performer and I just kept adding.
AAPL $20140(30%) i love it, not gonna sell
SGOV $8,076 (11.9%) this is basically my cash position. when my stocks go down then i will use
UBER $3,517 (5.2%) smaller position, when i visted in USA many people used so i buy
I've been doing individual stock since I started and it's worked out ok so far. 30% over 3 years, can't really complain. but I read this sub a lot and everyone always says just buy VOO or VTI and chill. and honestly the data is hard to argue with like most people don't beat the index over time.
but then I think... I'm 23. I got no debt, stable job, don't need this money for anything anytime soon. if there's ever a time to swing for the fences with concentrated bets, isn't it now? like I'd rather take risks at 23 than at 40 when I got a mortgage and kids to worry about. worst case I lose some money and I still have decades to make it back.
on the flip side tho, 83% in two stocks is kinda wild when I think about it objectively. one bad year for big tech and I'm eating a huge drawdown. an index would give me way more diversification and I wouldn't have to think about it at all.
so what would you guys do? mainly wondering:
at my age does it make more sense to keep picking individual stocks or should I start building an index position?