What I meant by that is that the risk of one company that is a component of one of the ETFs taking a major nosedive (let's say, Facebook) is somewhat mitigated

What I meant by that is that the risk of one company that is a component of one of the ETFs taking a major nosedive (let's say, Facebook) is somewhat mitigated by the existence of many other companies in the same ETF, and that the portfolio is divided between a number of different ETFs. PNQI ETF holdings: https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Investor&ticker=PNQI https://www.invesco.com/us/financial-products/etfs/holdings?... As compared to what I was originally looking at doing by putting the bulk of the money into individual stocks, rather than ETFs, though I did also do some of that, with Netflix.