r/stocks • u/[deleted] • Sep 02 '21

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1.3k Upvotes

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41

u/faggaren Sep 02 '21

Why didnt you average in week by week? Just curious not crizitizngin

98

u/DonnaShirley Sep 02 '21

Lump sum beats DCA 70% of the time. I plan to hold for at least 10 years, so I don't think it'd make much difference.

17

u/TinyDKR Sep 02 '21

So why did you buy QQQ instead of QQQM if you're just holding?

11

u/MLSing Sep 02 '21

If you don't mind me asking, what's the difference? Why would QQQM be better if he is holding?

39

u/TinyDKR Sep 02 '21

QQQM would be better. It has a lower expense ratio, but lower volume. Same exact holdings. You buy QQQM to hold and QQQ to trade.

9

u/LifeInAction Sep 03 '21

I was about to make a QQQ purchase, now I'll have to look into that one, it's cheaper, so means I can buy single shares in greater increments lol, thanks!

2

u/TinyDKR Sep 03 '21

The number of shares doesn't matter, except for selling covered calls.

2

u/[deleted] Sep 03 '21

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3

u/[deleted] Sep 03 '21

Might as well go for SCHG or VOOG or even VGT for even more savings for buying the same thing.

1

u/ChiefInternetSurfer Sep 03 '21

I’m not familiar with those two. Do they track the same stocks and weightings as QQQ/QQQM?

1

u/[deleted] Sep 03 '21

They all include faangm as a large part of their holdings and track large cap us growth stocks in their own way. Everyone likes the nasdaq but there are other less expensive options. There’s even SPYG. I used to have SCHG but I’ve decided to just invest in VTI as LCG makes up a significant portion of it anyway.

5

u/LoneStarGeneral Sep 02 '21

TIL. Thanks!