Hey, Fireheads! Guillem and I are still in the trenches, but things are already happening here and there. If you visit the new Deltabadger website, you will see how dollar-cost averaging into different asset classes for the last 4-years worked (It's updated daily): - Unsurprisingly, Bitcoin beats everything, including Ethereum (more than 2X!). - However, another less understood fact: NASDAQ-100 beats S&P500 — here are my thoughts: 1. Even if you buy some broader market ETFs, most of their growth is delivered by huge companies from the top. It's true for any broad market fund. 2. Nasdaq-100 (ETFs like QQQ track) is more focused on the "top," and the tech sector since NASDAQ is more tech-oriented than NYSE. 3. I firmly believe that the 100 biggest companies are enough diversification, and you don't sacrifice anything by focusing on the biggest winners. 4. I argue that those biggest companies will capture an even more significant part of the market in the coming decade. Why? Because they deliver tools without which no other business is possible: AI and robots. I don't see a scenario where "small-caps" are growing, but Microsoft is struggling because a small business cannot operate without AI, and smaller companies cannot do AI well. What does it mean for you? Complement or replace the S&P 500 with the NASDAQ 100. Many already know QQQ, but few are aware of an even cheaper alternative, QQQM, that, thanks to a lower expense ratio (0.15% vs. 0.2%), is even a better choice for long-term investors. In the last decade, the NASDAQ-100 has grown, on average, 19% a year. This is significantly better than the S&P 500, and if you wonder what it means for you long-term, try our Coast FIRE Calculator. While not everybody is comfortable with holding a lot of Bitcoin — QQQM may be your next best bet in the long-term portfolio, and at the same time, it's not advice you hear very often. I believe that with high probability, it will become common sense in the next decade.

1. Where are you from? 2. What do you do for fun? 3. Share a book or a movie you recommend.