Should I continue investing to VOO or should I diversify more
Hello
I’m 21M and currently have roughly $260k invested into the S&P 500 through VOO. I’ve been investing for around 4 years now and consistently put about $2,000/month into the market. I’ve been fortunate to have very few expenses while living with my parents and making good money from a young age.
So far, I’ve stayed almost entirely invested in VOO and haven’t seriously considered diversifying yet. During the recent Iran tensions, I saw my portfolio swing down roughly $40k in unrealized gains, but it recovered fairly quickly. That experience got me thinking more deeply about long-term strategy and risk.
I’d especially appreciate answers from people who have seen long-term success in the market.
1-What has your investing strategy been over the years? Is “set it and forget it” still a reliable approach in today’s market?
2-At what point should someone in my position seriously consider diversifying beyond VOO?
3-With concerns about valuations and many companies seeming overvalued, do you still view VOO as a strong long-term investment, or do you think a major correction is inevitable?
4-What’s one piece of financial or investing advice you would give your 21-year-old self that you wish you had known earlier?
Thank you to everyone who takes the time to read and respond. I genuinely appreciate any insight, and
I wish you all the best.