Core Viewpoint - The article emphasizes the importance of constructing a well-diversified investment portfolio, primarily focusing on a high-quality, low-cost S&P 500 ETF, while suggesting an overweight position in the technology sector due to its potential for long-term growth [1]. Investment Strategy - Investors are advised to build a diversified portfolio that includes a core foundation of a high-quality, low-cost S&P 500 fund [1]. - For those who can tolerate short-term risks, an overweight position in the technology sector is recommended, as it is believed to be in the early stages of a long-term secular bull market [1]. - For dividend income, large oil and gas companies that offer strong dividend income and growth are suggested as potential investments [1]. Capital Allocation Approach - The article advocates for a top-down capital allocation strategy that aligns with individual investor circumstances, such as age, employment status, risk tolerance, income, net worth, and investment goals [1]. - Suggested investment categories include the S&P 500, technology, dividend income, sector ETFs, growth, speculative growth, gold, and cash [1].