It's literally whatever floats your boat @BigStrawbs70 .

I don't have a problem with your strategy and would be out of line suggesting my stock picking with a more tailored sway towards franked divs for my SMSF, will outperform your strategy. I probably just enjoy the stock picking too much to give it away right now, that's all!!

Hi @BigStrawbs70, to each their own, but If I was "setting and forgetting" I'd be in ETF's only, especially with super. For me super is a backstop, something I know will be there for me if everything else goes wrong. My best guess is that Berkshire, Souls and the NASDAQ outperform the Aussie market by a little bit over the next ten years or so ( I own all three), but there a no guarantees and as you say not by huge amounts. So it's really a massive bet on bitcoin, that'll make or break that strategy by itself most likely I reckon. The rest are likely to be around market averages or there about. Is the concentration risk worth it for a little outperformance (for me yes, but I plan on keeping a close eye on things). If I didn't want to keep an eye on it, I'd be in ETF's, then if Soul's gets wiped out by a meteor, or Berkshire falls into corruption and disarray in a post Buffet era, I'm ok.

The regret minimisation framework is a good one. In X years time, what will you least regret? Average market returns (missing out on outperformance), or taking on some concentration risk and it not paying off. It all depends on how much you have in super, what you're retirement plans are, how old you are and how much you have outside of super. So, I'm thinking about it from my point of view, which may be a million miles away from where you're at.

We'll all know what we should have done in ten years time, good luck

@BigStrawbs70 , I don't know what to say. 50% BTC will drive the result. I don't know what BTC is worth, but somewhere between $2m and zero is my best bet (and it is not a normal distribution of returns with an expected value in the middle, lol). Index ETFs are probably cleaner for the rest, but no big shakes. Plenty here have large core holding and a small hobby punting fund, fair enough.

I reckon "set & forget" is underrated, @BigStrawbs70 -- at least if you don't take it too literally.

There's real value in dialing back trading activity. It takes time for any investment thesis to play out, and there are always a few twists and turns along the way. If you jump at every shadow (or ignore every red flag) you’ll probably end up worse off. The sweet spot is staying indifferent to noise and volatility, while still tuned in to anything that genuinely undermines the long-term thesis.

Maybe "Prep & Peep" is a better aphorism? Do your homework upfront before taking a big position, then stay alert to material news. Day-to-day price moves and market chatter can be ignored -- but not developments that materially impact a business’s cash generation capacity and prospects.

Easier said than done, of course!