There are 10,000 portfolio variations and I can find good and bad reasons for almost all of them. Your age is a significant variable to any portfolio design and you didn't include it.
That being said I am not going to address your idea specifically but in a bit more general view.
Assuming you are under 50 years old, make a portfolio built around an index (SPY/QQQ/FTEC/DIA/ITOT etc). Weight it 50-75% of your portfolio. Take the cash left over and use it to go overweight stocks that you truly love by owning them individually in addition to the basket weight in the index you hold. Understand the basket of holdings in your chosen index/indexes (yes you can mix SPY and QQQ for instance) and how much overweight you put yourself in any stocks you individually own. Check your weighting once or twice a year and trim if necessary.
When i say stocks you truly love, I refer to monster blue chips with rock solid balance sheets and moats who will be around in 50 years. I like JEPI, but over the long haul you dont need to allocate money to a low-beta fund since SPY/QQQ/ITOT etc will provide you this by riding the tide up and riding it back down. If you are 50+ then capital preservation begins to take on added significance.
