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My ENTIRE Investing Portfolio (2026 Big Changes)

Summary

Nolan, a financial analyst, shares his investment philosophy and portfolio breakdown, emphasizing long-term, sustainable growth over speculative day trading. He highlights his portfolio's impressive performance, with 31-33% growth in the past year and an average of 16% annually over 15 years, significantly outperforming typical hedge fund managers.

He outlines his comprehensive asset allocation:

**Cash and Cash Equivalents (7%)**: Nolan holds 7% of his portfolio in cash equivalents, primarily SGOV (1-3 month T-bills), separate from his emergency fund. He aims to reduce this to 0-5% but is currently increasing it to 10% by year-end for potential "dip buying," anticipating a possible market crash. If no crash occurs by 2027, he plans to reallocate at least half of this cash into existing positions.
**Real Estate (25%)**: This portion is held in physical rental properties, which Nolan prefers over REITs for personal investment due to the benefits of holding real assets against inflation and tax advantages. Despite acknowledging the challenges of property ownership and current high interest rates, he values his existing properties for their equity building.
**Retirement Accounts (401k/403b/Roth IRA - 27%)**: Comprising 9% in Roth IRA and 18% in 401k/403b, Nolan structures these for tax efficiency, utilizing a backdoor Roth IRA and pre-tax contributions to his company's 403b and personal business solo 401k due to high California taxes. He plans Roth conversions later in life when his income drops. His combined retirement holdings are diversified across S&P 500 (VOO, 40%), SCHD (28%), SCHG (11%), QQQM (11%), SPMO (5%), Bitcoin (2.5%), and VXUS (2.5%). He recently added VXUS for international exposure, aiming for about 10% international allocation long-term, while maintaining a strong focus on US growth companies.
**Crypto (9%)**: Nolan's crypto portfolio consists of 85% Bitcoin, 10% Ethereum, 2.5% XRP, and 2.5% Cardano. He has been involved in crypto since 2018 and has researched it extensively. While acknowledging its highly speculative nature (believing it "could absolutely go to zero"), he sees Bitcoin as potentially very relevant in the future, particularly with global de-dollarization trends, and regularly dollar-cost averages a small amount into it.
**Taxable Brokerage (32%)**: This is where Nolan makes most of his active additions, comprising 80% ETFs and 20% individual stocks. Key holdings include:
**SCHD (23%)**: Historically a larger holding, Nolan is no longer adding to SCHD in his taxable brokerage due to over 30% dividend taxes in California, where dividends are taxed as ordinary income. He continues to add heavily to SCHD in his retirement accounts, where tax implications are different.
**VOO (22%)**: An S&P 500 ETF, which Nolan describes as one of his favorite holdings, and he continues to dollar-cost average into it.
**SPMO (9%)**: Nolan has been aggressively adding to this ETF.
**QQQM (9%) and SCHG (8%)**: These broad growth ETFs, despite significant overlap, are held together to ensure comprehensive market coverage for his target growth allocation. Nolan continues to dollar-cost average into both.
**VTV (6%)**: A value ETF, recently added to his taxable brokerage. Nolan dollar-cost averages into VTV monthly, seeing it as a tax-efficient alternative to SCHD for his taxable account, aiming for approximately 30% total value exposure when combined with SCHD.
**VGT (3%)**: A technology ETF that Nolan likes for pure tech exposure, and he continues to add to it.
**Berkshire Hathaway (BRK.B) (6%)**: His largest individual stock holding, viewed as the "ultimate value play" with its substantial cash reserves (over $400 billion) and P/E ratio under 15. He dollar-cost averages into BRK.B monthly, expecting significant upside after market downturns and believing it enhances portfolio safety.
**Microsoft (MSFT) (4%)**: His second largest individual holding, into which he also dollar-cost averages monthly.
**Google (GOOG) (2.5%), SoFi (SOFI) (1.5%), Palantir (PLTR) (1%), APLD (0.5%), IREN (0.5%), NIBIUS (0.5%), Amazon (AMZN) (0.5%), and Meta (META) (0.5%)**: Nolan believes in the growth potential of these positions but only adds to them opportunistically during dips or with extra funds, not through regular monthly dollar-cost averaging.
**IonQ (IONQ), Rigetti (RGTI), and D-RAM (ETF)**: These are smaller, high-risk, high-reward technology positions. Nolan plans to add more slowly to them, closely monitoring market conditions.

Nolan emphasizes his continued dollar-cost averaging into core ETFs (VOO, SPMO, QQQM, SCHG) and key individual stocks (BRK.B, MSFT, and a small amount of Bitcoin), even as he perceives the current market as potentially overvalued.

Mentioned Stocks

AMZN
Sentiment: BUY

Reasoning: Amazon (AMZN) constitutes 0.5% of Nolan's taxable brokerage. He believes in its growth potential but, like several other individual stocks, he only adds to it during dips or with extra funds, not as a regular monthly investment.

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META
Sentiment: BUY

Reasoning: Meta (META) makes up 0.5% of Nolan's taxable brokerage. He believes in the position's growth potential but adds to it only opportunistically on dips or with extra money, rather than through consistent monthly contributions.

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SOFI
Sentiment: BUY

Reasoning: SoFi (SOFI) makes up 1.5% of Nolan's taxable brokerage. He believes in the position and its growth potential, adding to it only on dips or with additional discretionary funds, rather than through regular monthly contributions.

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PLTR
Sentiment: BUY

Reasoning: Palantir (PLTR) constitutes 1% of Nolan's taxable brokerage. He expresses belief in its growth potential but adds to the position only opportunistically during market dips or when he has extra funds, not as a consistent monthly investment.

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MSFT
Sentiment: BUYAction: BOUGHT

Reasoning: Microsoft (MSFT) makes up 4% of Nolan's taxable brokerage, making it his second largest individual holding. He is actively dollar-cost averaging into the stock monthly, indicating strong conviction.

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GOOG
Sentiment: BUY

Reasoning: Google (GOOG) comprises 2.5% of Nolan's taxable brokerage. He believes in the position and sees a lot of room for growth. However, unlike Berkshire Hathaway and Microsoft, he does not add to it monthly but rather opportunistically during dips or with extra funds.

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IONQ
Sentiment: BUY

Reasoning: IonQ (IONQ) is a smaller position within Nolan's taxable brokerage. He explicitly states his plan to add more to it, along with Rigetti and the D-RAM ETF, but he is proceeding cautiously by 'going slow and watching the market' due to its nature as newer, high-risk technology with potential for high reward.

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RGTI
Sentiment: BUY

Reasoning: Rigetti (RGTI) is a smaller position in Nolan's taxable brokerage. He plans to add more to it, along with IonQ and the D-RAM ETF, but is taking a cautious approach by 'going slow and watching the market' given its status as newer, high-risk technology with potential for high rewards.

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VOO
Sentiment: BUYAction: BOUGHT

Reasoning: VOO represents 40% of Nolan's retirement accounts and 22% of his taxable brokerage. He describes it as 'definitely one of my favorite holdings anywhere in the portfolio' and actively dollar-cost averages into it as one of his core ETFs.

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BTC
Sentiment: BUYAction: BOUGHT

Reasoning: Nolan dedicates 85% of his crypto portfolio to Bitcoin and 2.5% of his retirement accounts, actively dollar-cost averaging a small amount into it each month. He has been invested since 2018 and, despite acknowledging its high speculative risk (potentially going to zero), believes in its increasing relevance in the near future, especially with de-dollarization trends.

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IREN
Sentiment: BUY

Reasoning: IREN comprises 0.5% of Nolan's taxable brokerage. He believes in the position's growth potential but adds to it only opportunistically on dips or with extra money, rather than through consistent monthly contributions.

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VGT
Sentiment: BUYAction: BOUGHT

Reasoning: VGT makes up 3% of Nolan's taxable brokerage. He likes this ETF for 'pure technology' exposure and plans to continue adding to it as a specialty ETF, indicating active investment.

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DRAM
Sentiment: BUYAction: BOUGHT

Reasoning: Nolan holds a smaller position in the D-RAM ETF and plans to add more to it, listing it as a 'specialty ETF' for 'memory in the world of AI' within his future investment plans. He is proceeding slowly and watching the market due to its high-risk nature.

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APLD
Sentiment: BUY

Reasoning: APLD makes up 0.5% of Nolan's taxable brokerage. He believes in its growth prospects but only adds to it during dips or with extra funds, not as part of his regular monthly dollar-cost averaging strategy.

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BRK.B
Sentiment: BUYAction: BOUGHT

Reasoning: Berkshire Hathaway (BRK.B) is Nolan's largest individual stock holding at 6% of his taxable brokerage. He views it as the 'ultimate value play' given its over $400 billion in cash and a P/E ratio under 15. He dollar-cost averages into it monthly, betting on its ability to acquire distressed businesses after market crashes and thus making his portfolio safer with significant upside.

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SCHD
Sentiment: BUYAction: BOUGHT

Reasoning: SCHD constitutes 28% of Nolan's retirement accounts. He states that he 'loves the fund' and continues to 'add to it very heavily in my retirement accounts.' However, due to high dividend taxes (over 30% in California) if held in a taxable brokerage, he is no longer adding to it there.

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ETH
Sentiment: HOLD

Reasoning: Nolan allocates 10% of his crypto portfolio to Ethereum. While he states his primary conviction is in Bitcoin, he acknowledges Ethereum's potential, noting 'maybe a little bit in Ethereum,' but does not mention actively adding to it.

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QQQM
Sentiment: BUYAction: BOUGHT

Reasoning: QQQM constitutes 11% of Nolan's retirement accounts and 9% of his taxable brokerage. He holds it for broad growth exposure and actively dollar-cost averages into it, noting that despite overlap with SCHG, he holds both to ensure full coverage of the growth segment.

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SCHG
Sentiment: BUYAction: BOUGHT

Reasoning: SCHG makes up 11% of Nolan's retirement accounts and 8% of his taxable brokerage. He holds it for broad growth, alongside QQQM, to cover non-overlapping portions and achieve his target growth allocation. He continues to dollar-cost average into it as one of his core ETFs.

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SPMO
Sentiment: BUYAction: BOUGHT

Reasoning: SPMO makes up 5% of Nolan's retirement accounts and 9% of his taxable brokerage. He states he has 'been adding aggressively for that one' and continues to dollar-cost average into it as one of his core ETFs.

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VXUS
Sentiment: BUYAction: BOUGHT

Reasoning: VXUS makes up 2.5% of Nolan's retirement accounts. He recently added it to his 401k/403b to gain international exposure, aiming for about 10% international allocation long-term. This diversification is intended to provide safety amidst geopolitical and de-dollarization trends.

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VTV
Sentiment: BUYAction: BOUGHT

Reasoning: VTV constitutes 6% of Nolan's taxable brokerage. It was a recent addition, and he dollar-cost averages monthly into it. He chose VTV as a tax-efficient value play in his taxable account, specifically to mitigate the high dividend taxes he faces with SCHD in California, aiming for a combined 30% value exposure with SCHD.

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XRP
Sentiment: HOLD

Reasoning: Nolan holds 2.5% of his crypto portfolio in XRP. He does not elaborate on his specific conviction or plans to add more to this position.

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ADA
Sentiment: HOLD

Reasoning: Nolan holds 2.5% of his crypto portfolio in Cardano. He does not elaborate on his specific conviction or plans to add more to this position.

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NIBIUS
Sentiment: BUY

Reasoning: NIBIUS makes up 0.5% of Nolan's taxable brokerage. He believes in the position's growth potential but adds to it only opportunistically on dips or with extra money, rather than through consistent monthly contributions.

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