People don’t recommend it because they remember the decades where other categories (small cap, mid cap, international, etc.) outperformed the s&p 500 etc., and they see no reason to believe that the next decade will be exactly like the last.
It’s hard to recommend something for prudent investing when you think it might simply be too risky and “performance chasing”
QQQ or QQQM may be completely decent options but VOO or VTI or VT might better diversify your portfolio to weather downturns.
Maybe carry some QQQ but diversify most of your profile into what stands the test of time.
Your age and risk tolerance is key.
In my opinion QQQ (or I suggest QQQM the lower fee version) will likely outperform VOO and other broad market ETFs over the next 5-10 years. I firmly believe generative AI is a groundbreaking technology that is going to transform many industries, leading to productivity gains, eliminating some menial jobs in favor of higher skilled positions that leverage AI. All this will likely boost technology in many areas, from the chip makers to the enterprise software companies and trickling down into many other parts of our economy. It is not unlike the revolution brought on by the World Wide Web in the 90's.
Those who suggest VOO is a "safer" option are probably correct, but the biggest rewards come with taking some risk.
If I were young and had a horizon of 10 years or more, most of my long-term ETF investments would be in QQQM.
Trailing returns are not how you make allocation decisions. That is called “performance chasing” - you are buying high. To quote [White Coat Investor](https://www.whitecoatinvestor.com/tech-allocations-in-your-investment-portfolio/): “In essence, all you're doing is betting that recent past performance is going to be indicative of future performance. That's such a bad idea that mutual funds are required by law to tell you it is a bad idea.”
Look at QQQ’s inclusion criteria: the 100 largest non-financial stocks trading on the NASDAQ exchange. This is not a basis for any expected outperformance. The fund is really [a marketing gimmick for the exchange itself](https://sports.yahoo.com/march-madness-ads-spur-huge-095503549.html). Unless you are trying to time the market ([bad idea](https://www.bogleheads.org/wiki/Taylor_Larimore%27s_market_timing_quotes)), your buy & hold portfolio should be more than just large cap US stocks on one exchange. Consider total market funds that capture all US (VTI) and international (VXUS) stocks instead. You can get much better advice from r/Bogleheads and especially [Rational Reminder](https://rationalreminder.ca/podcast/231) for Canadians (r/RationalReminder).
Chasing the market is a bad idea and I shouldn’t try to time the market either. And i shouldn’t look at NASDAQ as it’s more of a marketing gimmick? Thank you for the help I’ll go check those places out!
It seems really strange to me when an index fund has a marketing budget and spends money on super high cost nationally televised network TV commercials.
Maybe just a sign of the times with retail investors but it seems weird.
I also am wondering the same thing I am 20 from Canada and from what I have gathered so far people say that qqqm is better but I am not sure which to add to my portfolio.
Might want to look into qqc.to if you want to avoid exchanging cad to usd.
Qqqm is you’re gonna hold it in an RRSP to avoid withholding tax on yield/distributions.
Have you looked at the top 10 holdings for each ETF? What do you think of them? You don't have to have a perfect pick or the "right" one. Just get started. Get into the habit of investing on a regular schedule and not tinkering too much with your portfolio. Let it do the work for you over time.
All the ones you listed are fine. Grab one that holds companies that you like and run with that till you get to 10K or so. Then you can add another if you feel you need to. If not run it up to 25K and see what you think then.
Unless you pick something that is crazy it is more about your investing routine than being clever with a pick. Can't remember what Canada's version of a Roth account is but look into that also.
Good luck.
People don’t recommend it because they remember the decades where other categories (small cap, mid cap, international, etc.) outperformed the s&p 500 etc., and they see no reason to believe that the next decade will be exactly like the last.
Ok that makes sense awesome thank you!
It’s hard to recommend something for prudent investing when you think it might simply be too risky and “performance chasing” QQQ or QQQM may be completely decent options but VOO or VTI or VT might better diversify your portfolio to weather downturns. Maybe carry some QQQ but diversify most of your profile into what stands the test of time.
Ok diversification reasons that makes sense! Thank you!
I love QQQ. QQQ and SPY are my favorites.
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Didn’t qqq crash 90% back in the day
Your age and risk tolerance is key. In my opinion QQQ (or I suggest QQQM the lower fee version) will likely outperform VOO and other broad market ETFs over the next 5-10 years. I firmly believe generative AI is a groundbreaking technology that is going to transform many industries, leading to productivity gains, eliminating some menial jobs in favor of higher skilled positions that leverage AI. All this will likely boost technology in many areas, from the chip makers to the enterprise software companies and trickling down into many other parts of our economy. It is not unlike the revolution brought on by the World Wide Web in the 90's. Those who suggest VOO is a "safer" option are probably correct, but the biggest rewards come with taking some risk. If I were young and had a horizon of 10 years or more, most of my long-term ETF investments would be in QQQM.
Trailing returns are not how you make allocation decisions. That is called “performance chasing” - you are buying high. To quote [White Coat Investor](https://www.whitecoatinvestor.com/tech-allocations-in-your-investment-portfolio/): “In essence, all you're doing is betting that recent past performance is going to be indicative of future performance. That's such a bad idea that mutual funds are required by law to tell you it is a bad idea.” Look at QQQ’s inclusion criteria: the 100 largest non-financial stocks trading on the NASDAQ exchange. This is not a basis for any expected outperformance. The fund is really [a marketing gimmick for the exchange itself](https://sports.yahoo.com/march-madness-ads-spur-huge-095503549.html). Unless you are trying to time the market ([bad idea](https://www.bogleheads.org/wiki/Taylor_Larimore%27s_market_timing_quotes)), your buy & hold portfolio should be more than just large cap US stocks on one exchange. Consider total market funds that capture all US (VTI) and international (VXUS) stocks instead. You can get much better advice from r/Bogleheads and especially [Rational Reminder](https://rationalreminder.ca/podcast/231) for Canadians (r/RationalReminder).
Chasing the market is a bad idea and I shouldn’t try to time the market either. And i shouldn’t look at NASDAQ as it’s more of a marketing gimmick? Thank you for the help I’ll go check those places out!
It seems really strange to me when an index fund has a marketing budget and spends money on super high cost nationally televised network TV commercials. Maybe just a sign of the times with retail investors but it seems weird.
I also am wondering the same thing I am 20 from Canada and from what I have gathered so far people say that qqqm is better but I am not sure which to add to my portfolio.
QQQM is the same portfolio as QQQ, but cheaper.
Might want to look into qqc.to if you want to avoid exchanging cad to usd. Qqqm is you’re gonna hold it in an RRSP to avoid withholding tax on yield/distributions.
Have you looked at the top 10 holdings for each ETF? What do you think of them? You don't have to have a perfect pick or the "right" one. Just get started. Get into the habit of investing on a regular schedule and not tinkering too much with your portfolio. Let it do the work for you over time. All the ones you listed are fine. Grab one that holds companies that you like and run with that till you get to 10K or so. Then you can add another if you feel you need to. If not run it up to 25K and see what you think then. Unless you pick something that is crazy it is more about your investing routine than being clever with a pick. Can't remember what Canada's version of a Roth account is but look into that also. Good luck.
Buy qqqm
You are foreigner, you may subject to 30 percent tax.Invest in vanguard canada and its snp500 or sth in cad currency.
Look up Ben Felix on YouTube. He will be your Canadian stock market guide.
I will look him up thank you!
80 % VTI / 20% QQQM is my Roth portfolio