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QQQ long term
Posted on 1/6/22 at 9:34 am
Posted on 1/6/22 at 9:34 am
So I have a small non retirement investment account that I've been contributing to since my car got paid off. Split my car payment plus some extra money from a raise basically 50/50 between high yield savings and fidelity. The fidelity all goes into QQQ. It's had a great last 5 years but I never researched farther back than that. It crashed with the dot com bubble and took literally the entire Bush and Obama administrations to rebound to what it was in 2000.
This isn't a mission critical fund but it may come in handy in the next 5 or so years to help with a future downpayment or major expense. Is what I'm doing putting all of that in QQQ risky and should I diversify? I guess I'm already hedging by splitting the other 50% into cash. My plan though once that cash account gets shored up some more is to shift it more like 80/20 investments to cash so I will be more conscience of having it diversified then.
This isn't a mission critical fund but it may come in handy in the next 5 or so years to help with a future downpayment or major expense. Is what I'm doing putting all of that in QQQ risky and should I diversify? I guess I'm already hedging by splitting the other 50% into cash. My plan though once that cash account gets shored up some more is to shift it more like 80/20 investments to cash so I will be more conscience of having it diversified then.
6
Posted on 1/6/22 at 9:44 am to jlovel7
I am a huge fan of QQQ.
Regardless of what you invest in, you need to know your time frame for exiting.
"it may come in handy in the next 5 or so years to help with a future downpayment or major expense"
Regardless of what you invest in, you need to know your time frame for exiting.
"it may come in handy in the next 5 or so years to help with a future downpayment or major expense"
Posted on 1/6/22 at 9:45 am to jlovel7
quote:
since my car got paid off.
Nice work! Those things are opportunity and cash flow killers for many.
Posted on 1/6/22 at 9:52 am to Billy Blanks
quote:
since my car got paid off.
Nice work! Those things are opportunity and cash flow killers for many.
Yup. Any time I shed a bill I usually try and take that money and save/invest it separate from my general cash fund so I can visualize it and keep from touching it. Especially if it's a bill I know will pop up again in life, like a car note. If I do give myself a little fun money boost its always alongside boosting other things like retirement, HSA, savings, etc...
Posted on 1/6/22 at 9:59 am to jlovel7
Can't go wrong with QQQ
Posted on 1/6/22 at 10:32 am to jlovel7
And once you get used to not having a payment, can’t fathom having another again.
Posted on 1/6/22 at 11:25 am to jlovel7
I have essentially the same scenario. A few months back I moved it from QQQ and MGK to SCHP a TIPS ETF. I did it to reduce risk, but as the market keeps rolling I'm missing out on the gains. During downturns SCHP still dips but at a lower rate. I'm not sure the "safety" outweighs the growth potential if the market keeps going. It seems I need a doomsday scenario to make SCHP make sense.
Posted on 1/6/22 at 11:35 am to jlovel7
quote:
It crashed with the dot com bubble and took literally the entire Bush and Obama administrations to rebound to what it was in 2000.
Yeah people ignore history (i.e. recency bias). If you had bought 10k of QQQ in 2000 before the dot come crash. You would have to wait 14 years before it went back to the original 10k balance.
Posted on 1/6/22 at 1:54 pm to gpburdell
Sounds like silver which will be lucky to hit another ATH in 3 years to recover from the massive crash which started in 2011 and holds today.
Posted on 1/6/22 at 2:45 pm to gpburdell
"If you had bought 10k of QQQ in 2000 before the dot come crash. You would have to wait 14 years before it went back to the original 10k balance."
--
I bought at the end of 2008 and am up 1,228%.
Thats also 14 years but a different timeframe.
--
I bought at the end of 2008 and am up 1,228%.
Thats also 14 years but a different timeframe.
Posted on 1/6/22 at 6:29 pm to ItzMe1972
Look at the top holdings and tell me you wouldn’t want to own those companies. Yes, things change, but Apple, Microsoft, Google, Amazon etc are making tons on money. Those type of companies aren’t speculative.
Posted on 1/6/22 at 6:31 pm to Boomer Rick
I just bought some QQQ for my Roth IRA based on this boards recommendations
Posted on 1/6/22 at 6:36 pm to tiger perry
Would hold off buying it until Q3/Q4 of this year given interest rate hikes....
Posted on 1/6/22 at 7:35 pm to Boomer Rick
quote:
Look at the top holdings and tell me you wouldn’t want to own those companies. Yes, things change, but Apple, Microsoft, Google, Amazon etc are making tons on money. Those type of companies aren’t speculative.
I've got a very large position in QQQ, so I've been a fan of it, but you can get those names in a lot of different funds.
I'm looking to diversify a little bit more this year as the fed tightens.
I'm probably going to move some of my QQQ to something like VTI or MGK. For VTI's top 10 holdings, you get the same mega cap tech names that are in QQQ, but swap out Adobe and Broadcom with Berkshire Hathaway and JP Morgan, which will probably perform pretty well this year, given the upcoming rate hikes.
Posted on 1/7/22 at 7:41 pm to jlovel7
hedge with puts
Posted on 1/7/22 at 10:59 pm to gpburdell
quote:
Yeah people ignore history (i.e. recency bias). If you had bought 10k of QQQ in 2000 before the dot come crash. You would have to wait 14 years before it went back to the original 10k balance.
Sure, but if you were a normal person and consistently invested in the Qs every month/year during that time you'd have a shitload of gains by the time your initial investment went back to green.
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