i'd split it like this:

20% VOO

20% SCHD

20% SCHG

20% SMH

20% VGT

(http://www.autoadmit.com/thread.php?thread_id=5641433&forum_id=2#48393120)

Ur dad is retarded redditor that thinks bull runs don’t end. Just do Spx

(http://www.autoadmit.com/thread.php?thread_id=5641433&forum_id=2#48391370)

WIKIPEDIA

For example, if the S&P 500 experiences significant fluctuations, UPRO's performance may not align precisely with three times the index's cumulative return over the same period. Therefore, UPRO is generally more suitable for short-term trading strategies rather than long-term holdings

you think leverage is free genius?

(http://www.autoadmit.com/thread.php?thread_id=5641433&forum_id=2#48393118)

In an absolute worst case scenario the yield is equal: Dump everything in at the peak of 2021/2022 and hold until today and the SPY is up 25.5% and the 3X ETF is up 23%

Dollar cost average or just avoid buying the peak and you will do 2x - 3x S&P.

(http://www.autoadmit.com/thread.php?thread_id=5641433&forum_id=2#48393224)

people are wayyyy underestimating how unusual this bull run is, it's implicit in the OP's question

(http://www.autoadmit.com/thread.php?thread_id=5641433&forum_id=2#48393245)

since im retarded ive made the mistake of holding SOXL for like 4-5 months now, u lose value doin this as there's price decay with 3X etf

(http://www.autoadmit.com/thread.php?thread_id=5641433&forum_id=2#48391933)

Anything else is not worth time, effort, risk of stress.

(http://www.autoadmit.com/thread.php?thread_id=5641433&forum_id=2#48391941)

(http://www.autoadmit.com/thread.php?thread_id=5641433&forum_id=2#48393202)

QQQ = highly volatile during downturns (see 2022 tech crash)

BRK.B = insane cash reserves, good position to pivot and acquire undervalued assets during market turmoil

QQQ = concentration risk, 50% of QQQ are in 5 companies, overly reliant on tech

BRK.B = active management, highest quality investment mgmt talent, no bloat, real philosophy, discipline - no pressure to track benchmarkets or quarterly performance

QQQ = passively managed, tracks Nasdaq.

BRK.B = no dividends, instead reinvesting earnings into existing investments or new investments, maximizes compounding over time.

QQQ = dividends but very low (~0.5 yield as of today)

(http://www.autoadmit.com/thread.php?thread_id=5641433&forum_id=2#48393910)

with an above average net expense ratio of .40%

$100k and 7% average annual return over 30 years, that's $60k in fees compared to $0 at Berkshire

let's assume you reinvest 2% annual dividends, now you're looking at $100k+ in fees due to that expense ratio.

bad decision.

(http://www.autoadmit.com/thread.php?thread_id=5641433&forum_id=2#48394294)

You almost have to be trying to underperform the market this year to get that number.

(http://www.autoadmit.com/thread.php?thread_id=5641433&forum_id=2#48394488)

Warren Buffett - Columbia MBA

Greg Abel (his likely successor) - some podunk Canadian b-school school in Alberta, runs Berkshire's portfolio ex-insurance

Ajit Jain - HBS, probably smartest brain in insurance today

Todd Combs - Geico's CEO, Columbia MBA, JP Morgan board member,

Ted Weschler - Wharton, hedge fund manager with insane track record before shutting down/returning capital

(http://www.autoadmit.com/thread.php?thread_id=5641433&forum_id=2#48394726)

Berkshire's main value proposition is the cheap leverage it gets from insurance float but that is offset by the inefficient structure. Unless they can find market-beating investments forever (they can't) they will have mediocre performance going forward. They already have been fairly level with the S&P for the past ~20 years or so

(http://www.autoadmit.com/thread.php?thread_id=5641433&forum_id=2#48394722)

There is some merit to the company's structure's tax inefficiency. Yes they pay 21% corp tax but they rarely sell major holdings like Apple. Long term holding strategy really minimizes taxable events at the corp level basically deferring taxes for shareholders. Compare that to many ETFs, like VOO, who distribute dividends which are taxed annually. Berkshire retains and reinvests all earnings - that's tax-free compounding until you decide to sell your shares. Huge advantage for long term investors.

The tax inefficiency claim primarliy applies when comparing, say, a direct Apple holding vs. Berkshire. HOwever, Berkshire's diversification, active mgmt offset this through superior capital allocaiton.

As for their insurance float - it's value cannot be overstated.They have access to $100 billion+ in insurance float at an effective cost close to 0%. That's real capital to invest, yielding returns far greater than the cost of borrowing. It's cheap leverage. Their float also isn't subject to much regulatory constraint, so they have flexibility to be opportunistic.

Your assertion that they've been on par with the S&P for the past 20 year sis mileading. THeir performance is aligned with the S&P due to it's size but it's a stronger performer when adjusted for risk and volatility. During bear markets, Berkshire outperforms due to its defensive position and cahs reserves (see 2008 and 2020). Consistency and stability are very valuable for most investors. While they're not oging to beat the S&P in bull markets, it provides a much smoother ride during downturns.

No one expects perpetual outperformance, but Berkshire does not rely soely on market-beating investments. GEICO, BNSF Railway, BH Energy provide consistent cash flow in any equity market environment. Unlike ETFs, Berkshire can actively redeploy $$ into undervalued opportunities, something passive funds can never do.

(http://www.autoadmit.com/thread.php?thread_id=5641433&forum_id=2#48394734)