Planning to sell 40% of my vested stocks (~200k) and diversify away from amzn into broader equities. Thinking of buying QQQ to diversify. I know QQQ is still tech heavy and not much diversified, any other suggestions for diversification?
What's your strategy? Do you plan on buying tqqq all at once or over a period of time?
QQQ and not TQQQ. Thinking of DCA’ing over few months.
VTWAX
I have position in VTIAX but wasn’t aware of VTWAX.
If you plan on holding long term do QQQM instead of QQQ. You get a slightly lower expense ratio 0.15% vs 0.20%
There's VGT too
QQQ fk’ed me - 2 year old investment
I'd sell and wait in cash until next month's rate hike. Do a 5 day/ month graph on qqq and admire that perfect ded cat bounce. On the other hand, money market funds pay almost 6%.
Hi, can you provide more details on the money market fund?
Brokerage accounts can park customer cash either in bank accounts or invest it overnight in short term loans. The overnight rate fluctuates daily. Vanguard dumps all cash by default in https://investor.vanguard.com/investment-products/mutual-funds/profile/vmfxx Fidelity keeps it banks at a lower rate, but you'd have to buy something like https://fundresearch.fidelity.com/mutual-funds/summary/31617H201 To get the interest. Edit: a money market account is an uninsured account where your money is lent out on very short loans ( usually a day or 2). Your clients are mostly other banks that prefer to borrow money from you at a lower interest vs the fed repo window.
Hold Amazon, it has more potential for higher returns than qqq.
Yea, but not comfortable with 80% of of Nw in amzn stocks
Dca in qqqm is the answer. I did put 1.2m into qqqm already. No worry at all
Why this over qqq?
Lower expenses ratio.
SCHD maybe ?
Dividends are taxed higher and overall returns of VOO or qqq seem higher than Schd. Am I missing anything ?
QQQ has outpaced SCHD, but VOO not by much. Dividends are taxed higher than what? You sell your shares and make a profit you are paying same capital gains tax rate than you would on dividends. The only thing you might be missing is that SCHD has performed well in market downturns. QQQ was down nearly 33% in 2022, but SCHD down only 3%. If you are chasing capital appreciation then do QQQM. Chasing dividend growth and want less volatility do SCHD.
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VTI
Do VTI instead?
+1 lower expense ratio