I'm a believer in the typical buy lowcost indices approach that's often advocated by moustachians.
However, after some reading and analysis that by no means made me an expert, I decided to slightly buck the trend and purchase a Mexico ETF (EWW from iShares, 0.50% expense ratio). That has turned out to be a lucky trade since its purchase relative to my main holding, VTI:
EWW (since Aug. 30, 2022): 56.49/45.17 = up 25.1%
VTI (since Aug. 30, 2022): 199.19/200.03 = minus 0.4%
All the reasons I loved Mexico as an underrated growth economy are of course still there, but who the heck knows whether or not the EWW price has "caught up" to value.
My question is: Do you think its sound advice to sort of "rebalance" your winning indices? Since I have one that has greatly outperformed the other, does it make sense to sell the winner while it's ahead, especially since in a long run -- all else equal -- the higher expense ratio would chip away at its potential?
Or, is ETF and stock-picking at least mostly poppycock and I might as well hold onto EWW as long as I already have it, especially since I still see Mexico as probably the best country in the world for a long term play (not sure if that applies though after it's run up since I purchased it) ?
Or -- and I feel this third option is the most likely -- am I a big ignoramus and missing the point about something, not even asking the right questions?