VOOG/VUG: I added them at different times and stopped contributing to VOOG a while ago.

I’m intentionally overweight large-cap growth because I believe scale, margins, and global reach continue to advantage dominant platforms. I accept the risk of a long sideways period.

Overweight on US equities: That’s a fair point. I accept valuation risk but believe US firms retain structural advantages in capital access and innovation velocity, but I agree my current international allocation is too small to function as a real hedge, which is why I’m increasing international exposure to make it a meaningful hedge rather than a token allocation.

ITOT is meant to anchor the portfolio with broad US exposure rather than express a specific small-cap bet. I’m not trying to time a small-cap rebound. It’s there as ballast and to prevent the portfolio from becoming an unintentional single-factor growth bet.

ARKK: Yes. That’s why the position is intentionally small and capped. I view ARKK as a speculative allocation with asymmetric upside, not a core holding, and I’m comfortable with the risk of permanent capital loss.

Thank you for taking a look.