Where do you think your money is the safest today with a multi-year outlook?
Where would you invest $1mm today? (pick 2)
- Thread starter unconventional wisdom
- Start date
SPY
If you want something easy that you don't have to think about i would go for an index tracker like QQQ.
I prefer QQQ over SPY since QQQ is a technology index tracker and technology will get even bigger and more important in the future.
I bought some recently after the big decline as part of my long term investment plan, probably going to leave it for 20-30 years.
Two chicks at the same time?
Maybe cash.
1. The financial/investment scene is uncertain and high risk all around at this time.
2. If one can be patient, it could be that we're in the middle of a big bear market which has farther to run. If so prices will get cheaper... perhaps MUCH cheaper... and you'll have firepower to load up on bargains.
In the mean time, you could be a trader... futures and options.. perhaps ETFs like QQQ and SPY if you fancy yourself as "astute and nimble".
1. The financial/investment scene is uncertain and high risk all around at this time.
2. If one can be patient, it could be that we're in the middle of a big bear market which has farther to run. If so prices will get cheaper... perhaps MUCH cheaper... and you'll have firepower to load up on bargains.
In the mean time, you could be a trader... futures and options.. perhaps ETFs like QQQ and SPY if you fancy yourself as "astute and nimble".
I do wish traders would stop recommending QQQ as a technology index. Contrary to popular belief, QQQ is not a tech index. To quote the ETF's sponsor:
Nasdaq-100 Index includes the 100 largest non-financial companies listed on the Nasdaq based on market cap.
It just so happens that most of the stocks on Nasdaq are tech stocks. However, QQQ also includes several healthcare, railroad, consumer staples and consumer discretionary stocks. If you want a pure tech ETF, choose XLK.
Nasdaq-100 Index includes the 100 largest non-financial companies listed on the Nasdaq based on market cap.
It just so happens that most of the stocks on Nasdaq are tech stocks. However, QQQ also includes several healthcare, railroad, consumer staples and consumer discretionary stocks. If you want a pure tech ETF, choose XLK.
Or, the low can be in and you will miss te move up by waiting.
We were down almost 30%, it's crazy to assume the market will go much lower from here.
Could happen, but unlikely. Best to start buying now and add on if the market goes lower.
Especially if you plan on holding the investment for decades there is absolutely no reason not to buy right now.
