re: I’m officially back where I started when Biden took office

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a handful of funds.

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Do you mean a handful of stocks are responsible for most of the recent gains? While it is important to understand this aspect of the market it is not abnormal. Go look in history and this is always how the market moves. There is also a small group of stocks that are generally responsible for the market gains (in cap weighted funds).

In history though that small group of stocks changes over time. If you can cherry pick the few who will be in the next top 10 list then you will do great. Most people can't pick the next big stocks or can't stomach the volatility of the ride up therefore it is best just to own the whole market.