Why the S&P 500 Alone Isn’t Diversified Enough Anymore — and What to Do Instead

For years, investors have been told that buying the S&P 500 is the simplest and smartest way to get broad market exposure. And for a long time, that was mostly true. The S&P 500 gave people access to 500 of America’s largest and most successful companies, spread across various sectors like tech, healthcare, industrials, finance, and consumer goods. It offered diversification, stability, and long-term growth. You didn’t need to be a stock picker. You just bought the index, held on, and let the economy do the rest.

But something has changed.

Today’s S&P 500 isn’t as balanced as it used to be. It’s become more concentrated, more tech-heavy, and more exposed to macroeconomic risks — especially the U.S. dollar. If you're putting all your money into the S&P 500 and thinking you're diversified, you're not. Not anymore.

Let me explain what’s going on — and what I believe smart investors should be doing right now.

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