Unfortunately in my employed retirement accounts, I can only invest in index funds
. In my personal ROTH IRA / Taxable brokerages ->I'm 100% in equities. However, stock picking is historically tough and majority of investors do not outperfom SPY and they sure as hell aren't beating $QQQ over a decade. Stock picking is insanely hard and requires tons of research and little bit of luck. Some of my colleagues have asked me to help them stock pick -> I simply tell them to invest in QQQ (which has strongly outperformed SPY over the past 10 years btw).
Certainly past performance does not necessarily predict future results and tech is in a "bubble like" environment with stratospheric valuations for many companies ($TSLA / $NET etc). But web 3.0 is coming / the metaverse is coming / cybersecurity has never been more important and will only continue to receive increased revenue from enterprises. We are increasingly becoming even more reliant on AI / Robotics.
I expect a multi-year recession starting in mid 2022 that will be initiated by a series of interest rate hikes by the Fed, a flattening of the U.S. Treasury yield curve to wipe of this froth and end the last 10 year bull run. This is ultimately healthy for the overall economy and allows for a new bull market to emerge. If you invest consistently in $QQQ despite market corrections and "crashes", portfolio should compound beautifully over a 20 year period, all without lifting a finger and not worry about earnings reports / fundamental analysis / concerns of management etc that a stock picker would need to be aware of.