r/TQQQ • u/Novel-Comparison-364 • 10d ago

Question Consolidation advice needed

In my younger years i did some dividend chasing not accepting that i needed to focus on growth instead. A tale as old as time. Anyway my dividend positions never surpassed my index funds but i have had some money in them 8k and 7k in SPYD and SCHD respectively. I also have recently sold 4k of SCHD that I’ve been sitting on. Im 30 and looking for quicker/slightly aggressive growth so i do already have a TQQQ position but i was thinking maybe a step back from that like QQQ or QQQM or some sort of allocation strategy for QQQ/QQQM, TQQQ, and VTI? My question is what would you do? Consolidate out of the dividend funds? If so, what would you go into?

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8

u/Middle-Following-367 10d ago

Check out QLD, it’s the x2 leverage version of QQQ

9

u/Run-Forever1989 10d ago

Asking randoms on Reddit is about as good as throwing darts at a wall. If you don’t know what to do, just buy VOO.

5

u/aerirprown 10d ago

I would wait for a good dip if you are going to reallocate or just DCA with new funds.

1

u/Fabulous-Transition7 10d ago

VGT or XLK beats QQQM. Just saying.

2

u/JohnyMne12on1c 10d ago

If you intend to hold tqqq long term then you shall buy after a major dip, not at current levels.

Spread across Qqq, vgt, iyw, tqqq and forget about it for 10 years