Portfolio Confidential

Q: I am a relatively sophisticated investor but want to keep things simple, so I invest in a few broad index Exchange-Traded Funds (ETFs) with low costs. I am concerned about the high valuations of the “Magnificent Seven”—I worry that they have done so well they are bound to underperform over the next few months. Is there an easy way that I can hedge against high exposure to those companies in my S&P 500 ETF? A: So, you basically want to invest in the...