Monevator has an article for those who are frightened of the frothy US markets (paywall). I got into slight hot water last time by oversharing one of those so I will summarise that if you are frightened that 60% of your world tracker is the US then you can lean against that, unsurprisingly by investing in some ETF ex-US.
At a gut level I have the feeling that the US is way OTT. In the end we can’t all live inside our smartphones which is the inference of the Magnificent Seven, because people do need to eat and have clean water and live somewhere. It’s difficult to see what value most people can add while working in the virtual world, particularly ‘real value’ whatever that may be.
However, I have already given return up post GFC taking a US was overpriced line, and only got myself above the ‘what would have happened if I had gone balls-deep in VWRL, had it been available when I started’ by shorting Covid, so I have become less active since, because a) I have enough and b) I probably got the right answer for the wrong reasons.
I want to abuse the principle of that article in a slightly different manner. I hold a fair amount in a reasonable sized GIA. The ISA has a significant amount of VWRL already, and I accumulated more than a yearly ISA contribution worth of VWRL in the GIA, which has already drifted up by > 10% and is uncomfortably more than the current CGT threshold of 6k, so I want to get rid of it this tax year.
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