Reddit Posts
What are the difference of these leverages. QQQ on margin vs QLD
QLD... Why All the Warnings to Not Hold it Long Term?
I locked myself in a box spread and levered myself at 3.33x on SPY/QQQ
Dollar cost averaging JEPI ETF and some QLD trading is keeping me afloat
Investing student loan into TQQQ? Good idea or meh
Analysis of LEAPS on Base (1x) vs Leveraged (3x) Securities
Dip Buying BackTesting - SPY & QQQ with Leveraged Accounts
Anyone just trying to match SPY with minimum drawdowns?
I need help with QLD investing (aggressive investment strategy)
What’s better: a 2x leverage ETF or a deep ITM leap that has 2x leverage on the same underlying?
Mentions
I like using QLD and QID as swing trades. Look at how closely they track the underlying, almost zero decay. They are 2x QQQ+-
Inverse the market. On green days, buy sqqq on red days go tqqq. Buying after a rally or shorting after a crash is asking for pain And don't do 3x. The math is too brutal if you are wrong. QLD and QID >>> Tqqq and sqqq. Also don't buy options anymore, just swing trade. If you fuck up a swing trade, you still hold an asset and can wait for it to break even. Like 2x qqq. If you fuck up an option the money just vanishes into thin air.
You are completely and totally wrong QLD and SPUU have both outperformed qqq and spy over the long run
Why’s this such crap when QLD and SSO are fine?
You definitely had a more conservative strategy then me, but I would still say that concentrating in tech before the 2022 would have certainly put that kind of portfolio at risk of losing half. QLD is a 2x Nasdaq fund that lost 60% from ATHs. It depends on your allocation which it sounds like was more diversified that just tech of course. If you only started investing in 2022 during the correction, the returns since then are not typical. I started investing heavily in 2020. I was also lucky to have caught the 2022 recovery and pulled out because of broad economic indicators, and that allowed me to time the Yen carry trade correction as well.
Europoors...is there a QLD for us? Bonus if its in GBP£
Chinese here. I only buy US ETF，like QQQ and QLD.
> rebalancing a portfolio of 30% gold, 30% ZROZ, and 40% QLD once a year gave the highest returns and lowest drawdowns. > > TIL those are the only 3 investment options in the world
Testfol.io You can run anything through it. Use QQQSIM?L=2 for QLD Add SIM to the end of certain tickers to get longer timeframes than when they were available like GLD for GLDSIM
Basically I set half my money aside to do buy and hold portfolio investing. It’s 40% QLD, 30% EDV, and 30% IAUM. The other half is high-risk trading. My main trades are all in TSLA, mixing short and long positions through TSLL and TSLQ. My position changes every few days or even daily. The trading portion of my portfolio has been rapidly gaining money while the investing portion has been losing. It’s allowed me to accumulate more capital so I can later funnel the excess capital to the portfolio side.
In backtesting, rebalancing a portfolio of 30% gold, 30% ZROZ, and 40% QLD ***once a year*** gave the highest returns and lowest drawdowns.
https://preview.redd.it/1gsebkvu8bre1.png?width=1695&format=png&auto=webp&s=82f93be3896b7b2a157de3f0773b4f3fbbb0f155 If you aim to get 2:1 leverage, why not just using a 2x leveraged etf? From june 2020 QLD has beaten your strategy with similar drawdown.
I like QLD but it is levered. I don't mind the risk though, especially over a longer period of time.
Been investing since 2003. Around the 20th, I sold out of large QLD position that I had been holding since 2023 (yes, I long term hold a 2x ETF). I use leveraged funds to amplify my index positions in a sort of barbell approach. I’m fine with a large brokerage money market position while waiting to see how the tariff turmoil turns out.
No fear. Buying long term calls on QLD.
I use SQQQ occasionally as a hedge. I'm not a bear, but when I feel the market is over-bought, I will either trim some positions or, if I don't want to sell any stocks, I will hedge with SQQQ. I typically buy 1/3 of my port value and I'm OK to basically sit out the market until the chart looks more favorable. Obviously, those that don't use TA would not approve of this, but it has working for me quite well at times, including right now. Conversely, if I feel the market is oversold, I'll buy a bit of QLD or TQQQ.
100%QLD average is the best
What a stupid discussion. Just sell and buy QLD or something, it will take some time to recover but eventually you get your money back. As buffet quotes, you don’t have to gain back your money with the same stock you lost it
I'm a big fan of 2x leveraged index funds, specifically SSO and QLD. 3x leverage is too much and is suboptimal.
check out....TQQQ, QLD, FNGU, SOXL, etc
Consider some more aggressive investments as well: SPYG, FBGRX, QQQM, FSELK, and then there are the leveraged high risk worth a few thousand: SPYU, QLD, TQQQ.
You do not need income until retirement. Skip the dividends and go for growth or 500 index. FXAIX, FBGRX, FNCMX, and a bit of SPYU, QQQ, QLD....
For any 3x leverage you need to have a rock solid exit strategy. Many people suggest 200 SMA, but when you enter a sideways/volatile market, most people are terrible at predicting when to buy/sell You could DCA 50% QQQ and 50% QLD for 1.5x exposure
I’m glad I deleveraged from TQQQ to QLD. Risk management.
Bought (and held) TSLA in 2013 swearing to never sell; figured they would get bought out at some point. Also buying QLD after reading the white paper “software is eating the world”. Dumbest move was selling Costco
ACHR, AVGO, NVDA, SMCI, UBER, SPY calls all did well today. After a huge sell off last summer I’ve been more cautious taking gains. Have been building positions in QLD, SSO and GLD and other MAG 7 stocks.
I’m thinking about doing a large lump sum soon into QLD and TQQQ. Are you selling thousands weekly?
Trade in Apple Amazon, Microsoft for QLD
True. Doesn't stop me from holding QLD though. However I do offset that risk with other holdings.
I'll do you one better. Have you beat QLD over the long term?
The "light" versions have done well too. Less risk, tastes great! FNGS and QLD
No but good to keep an eye on. The wheel is basically a bet against volatility. I don't understand why so many think they've cracked the code with it. Better off just holding QQQ or QLD.
Should I get out of TQQQ into QLD 3x is just getting too much for me 
Usually people hold QQQ for higher risk growth but the step up above that is leverage ETFs… I hold $QLD (2x) and stay away from 3x leverage… you can scroll r/LETFs for more info
Screw it $3000 into QLD today
I hold QLD and UPRO long-term, and I mean long term. They're the last thing I'll ever touch. In other words, unless you're looking at AT LEAST 20 years (and you don't have an iron stomach) it's not for you.
some of y’all would’ve been better off just buying QLD, SSO and forgetting about it this past year
[QLD](https://www.financecharts.com/compare/QLD,VOO/performance/total-return-cagr) [UPRO](https://www.financecharts.com/compare/UPRO,VOO/performance/total-return-cagr)
Aren’t QLD and UPRO only going to pay off on short term holds due to the rebalancing? Are you sure you’re not going to end up flat or worse off when this is compounded over 20 years vs holding VOO etc?
I'm 41. I have a laddered investment structure. My Traditional has QLD and UPRO because I don't plan on touching it for at least 20 years. On a total flip side, I actively traded SQQQ and TQQQ this year. Leverage has it's place. Either actively trade it, or plan on holding for a very long time.
I like your aggressive approach. Also, there are folks who outperform simply by holding 20% to 40% of their account in a 2X (NOT a 3X) bullish index etf such as SSO or QLD. Those 2X etfs do not decay much. Just take a glance at a 10-year or even 20-year monthly chart and look at the performance.
Dude, you're 19. Your money should be in QLD and UPRO. I was 19 in 2002 so I can't do the gain from there. QLD: created in 2006 and $1,000 invested then is $50,659 today. UPRO: created in 2009 and $1,000 invested then is $76,233 today. For comparison, put $2,000 in VOO at it's inception in 2010, you'd have $10,710. Because they're leveraged, QLD and UPRO are significantly destroyed in downturns, but your runway is so long it doesn't matter.
Why not any freakish ETFs like QLD, SPYU, TQQQ.
My NW lost 507K in 22. Stayed the course. 23 up 511k, 24 up 600K. SPY, QQQ, several aggressive mutual funds FSELK, FSCSX,FOCPX, AAPL, and then some real gambling QLD, and SPYU...some high risk but super profitable SSPY LEAPS. I have been burned on individual stocks, as just one stock tanks it could take your earnings out.
QLD vs TQQ for requirement? And why?
QLD safer with less leverage
QLD vs TQQ for requirement? And why?
I've been holding 2x and 3x funds (SSO, QLD, SPXL, TQQQ) in my account for 3 years. Watching TQQQ go from $91 to $16 was brutal. I've charted my progress. My overall return is now higher had I invested only in VOO instead of leveraged ETFs. Most of the time VOO would have been a better DCA investment. Actually all of the time except for the past 2 months. But I'm going to stay in LETFs for a while. Staying the DCA course with LETFs without waiver isn't just hard. It's impossible.
I have long held QLD, and sPYU. I know what everyone says about them but I have double my money. I do need to put a stop loss on them to keep my wins in place. I also buy Leaps on SPY and qqq. These double in a year….but it’s double or nothing with options. Lost them in 22, but more than doubled in 20,21,23and 24. About to re up them when the come out Jan 1.
It is leveraged 1.5x so if you're expecting a pop you receive greater swing, if you're wrong it slightly decays. Difference of holding QLD long vs. QQQ for simpler terms, during pops QLD pulls ahead, but during draw downs QLD decays. Same difference between UVXY/VIX
bro we do both, invest in the index like VOO/TQQQ/QLD heavily and we hold some of TMF/TLT at the same time as a hedging, the logic is when the economy strong indexes mooning, economy bad bonds mooning (forced rate cuts)
I have the Following tough: QLD (2x nasdaq) has a long put in 402 days at 18,50. This is 16% from the strike (114) There is the risk that QLD in 402 days finish in between +16% and -16%. Would it not be a better strategy to buy QLD and a short put than to buy and hold SPY?
Maybe you should buy ETF and hold.. like IYW, QLD(2x qqq), FBGRX, SPUU (2x s&p500) If you want to get crazy TQQQ, TECL, FNGU I personally have 220k in NVDL (2x NVDA) im ready to make some MONEY and 130k of TECL TQQQ FNGU and like 6k of PTIR and Sounw I just invest not trade. TQQQ TECL FNGU can crash very hard, and take forever to recover.. so if you do get these either get small amount or realize, you might have to make a judgement call if things are down 60% how far things will go, normal stocks you just hold and sell years later for more usually, 3x leveraged you have to make a call or own a hedge
If crypto is an acceptable answer then Bitcoin (FBTC, IBIT, BTC) If you’re only wanting equity answers, then QLD
Yes, it is loosely created around the VIX but many other volatility metric, 30 day roll yield and a host of others. But we are moving from safety position into more normal positions. Currently we are holding 25% SPY, 25% SVXY, 25% QLD and 25% in an iron-condor for the Jan 25 IWM.
Thanks for the feedback everyone. Put $8k into QLD and will hold for 10 years.
Dude, where did I ever tell a 20 year old to invest in bonds? Go through my shit. I encourage majority SCHG for young people. I don't invest in bonds. But don't come at me dude. Until you create a satellite (hope to pass down to the kids portfolio) of QLD, TQQQ, and UPRO, I could give a F about your opinion. Stomach that and then we can have a conversation. In the meantime I, a CPA who works in finance, will structure my shit that is outperforming SPY which *gasp* includes a DRIP dividend strategy.
You’re doing great. Glad to see you starting so young. Not sure what you’re invested in with your brokerage, but your returns are quite low. You’re correct in assuming the market is volatile at the moment. To be more precise it is setting at 55.5% as of Friday the 22nd. But moving down from 79% just prior to the election. We are in SVXY, QLD and the SPY at the moment as well as one iron-condor in the IWM with an expiration of Jan 17. You expressed a desire to also go I to real estate investing. Another wise move. I would suggest you find a RealEstate investing Club in your area. You can find the closest one to you by going to nationalreia.org. Keep in mind real estate in eating is much different than real estate buying. But they will teach you everything you need to know. And they have a great vendor network and much more. If you need more help, feel free to DM me.
Tqqq was down 80% in 2022 and QLD was only down 60%.
You'd be better off buying QLD since research has shown that 2x is better for long term investing than 3x.
Don't even need to do all of that. Just buy QLD and forget about it.
QLD is my favorite fund. I think you made a good choice. You're young; you can take the risk.
ok so i should basically keep some aside to invest once my internship is done to DCA right? for index funds and ETFs do you think VOO is good for my brokerage and QLD for my roth ira or is that too aggressive (VOO in both?) thanks for your answer
10% each; SSO SPXL QLD TECL GLD TLT SCHD SCHY HODL ANGL sprinkle in some long dated spy puts in case everything shits the bed while I’m Balls deep in leveraged etfs
You only risk the amount you put in. IIRC ~1.7x is the optimal amount of leverage based on the history of the stock market. I am comfortable holding 2x ETF’s for long positions (QLD, etc.) but 3x and higher I’d only recommend for day or swing trading.
>Do you have any advice if I want to go 100% in stocks in the hope to get faster growth? 100% QQQM If you want to swing for the fences....add some QLD or TQQQ as well
I would say by trying to have more left after a crash or sharp drop you are reducing draw down. But also its a little more detailed as it its not just draw downs it could be the daily volatility decay of rebalancing at 3x vs 2.3x. Anyway I just started two test positions today in the 2x and 3x leveraged NASDAQs, QLD and TQQQ. We shall see how it goes!
That's not a bad idea. I will say anecdotally for me, just looking at QLD chart and my TQQQ performance my TQQQ position has returned more based on price from my date of initial share purchase. but that is an oversimplification as it overlooks any volatility decay which is hard to compare clearly. And it seems like that's the point being made is that a slight reduction in volatility decay is yielding more in the long run. I just initiated my own test. 1k in QLD and TQQQ bought today lets ride it out for some time and see!
I moved from TQQQ to QLD after some back tests showed there were times where 30% loss crippled the fund. Where the 2x leveraged fund never hit that loss. Just peace of mind.
I appreciate the links and I read her post and the linked article about the Kelly ratio. My take away is that generally by trying to minimize the max draw down you lead to higher total returns. that's why 2x beats 3x. It sounds reasonable and has supposedly been back tested. I think one factor missing here is the amount of effort all that takes vs simply buying TQQQ. I may consider a test where I buy the amount of QLD for 2x and TQQQ for 3x on the same day and test for a while to see percent returns. For now through the stronger than expected tech earnings that have been going on I am riding 3x TQQQ. Thanks for adding to the discussion!
Hands down, when I gave up picking individual stocks in favor of owning leveraged ETF's. I have a 50/50 blend of QLD and TQQQ, with some GOF for needed current income. I've had wonderful results with the LETF's and started making money more dependably than when I was picking stocks. Individual stocks are too unpredictable IMO.
My favorite leveraged ETF's are QLD and SSO.
Real-estate rentals? Really? Do you want to deal with bad tenants, broken water heaters, etc.? I am a big fan of leveraged INDEX ETF's, particularly SSO and QLD. Unlike real-estate rentals, I can make money without my fanny ever leaving my chair! Yes, they are more volatile but they pay off in the long run. Individual stocks and managed mutual funds are too unpredictable. Stick with INDEX or total-market funds. Check out SPIVA: [https://www.spglobal.com/spdji/en/research-insights/spiva/](https://www.spglobal.com/spdji/en/research-insights/spiva/)
Continue to weekly DCA QLD SSO and USD at cheaper prices
Yeah I wouldn't touch anything Elon is involved in with a 10 foot pole. He's mentally unstable and losing his mind in real time. for your question though, depending on level of risk - Low risk i'd go SPY, Medium risk, I'd go QQQ, and High Risk, I'd go with GOOG (Seems extremely undervalued right now and will moon once this ridiculous lawsuit is dropped imo) or QLD (2x levered QQQ)
Thank you! So far I've been keeping VT in my tax advantaged accounts and VXUS/VTI in my taxable brokerage. Any recommendations on where to keep QLD/SSO investments?
The volatility on the NASDAQ-100 is substantially higher, which poses a problem outside of bull markets. I'd just hold SSO for the lower volatility, QLD has only done so well because of the insane NASDAQ-100 run up. Also worth keeping an eye on interest rates, which will increase the debt carrying costs of the funds and reduce returns. Here's a handy tool to play with interest rates and volatility to find good margin levels: https://www.optimizedinvesting.net/
More leverage is not necessarily better. A 2x fund will actually outperform a 3x fund when a couple of bear markets are thrown into the mix. SSO and QLD are 2x funds. They are also fairly broad market indices. SSO follows S&P 500 and QLD follows the NASDAQ 100, which may be a bit tech heavy for some. You will be well rewarded if you can stick with these ETF's IMO, and not panic sell in the event of a downturn.
I'd like to learn more about leveraged ETFs. May I ask why SSO and QLD as opposed to others in your opinion?
I am a big fan of leveraged index ETF's, but you have to have the stomach for them. Specifically, SSO and QLD. If you're going to panic and sell in the event of a downturn then they are not for you.
You’re asking to make 50-100% every year. The greatest investors of all time get 20% long term. To get gains like this you’d need astronomical levels of risk like 3x leveraged etfs during a bull market (might go to zero during big bear market). Here’s some yolo ideas; TECL, SPXL, SSO, TQQQ, QLD. Disclaimer in my yolo-folio I do spxl/sso/qld/ibit in equal amounts. Wild returns in the past ten years of backtesting. I expect Armageddon soon
I am a gutsy risk taker. If you understand that there is more volatility and have the guts not to panic sell after a downturn, I have no problem with being 100% in QLD or SSO. You MUST READ this: [https://jlcollinsnh.com/2012/04/19/stocks-part-ii-the-market-always-goes-up/](https://jlcollinsnh.com/2012/04/19/stocks-part-ii-the-market-always-goes-up/)
You need to hold 135k in NVDL, it is up more than 2x NVDA YTD. Then you have 135k you can put in QLD or FNGO
If you can tolerate the added volatility there is QLD and SSO.
Here is how I would do it: In your pre-retirement years, build up as big a nest egg as you can. Upon retirement, switch to an income-focused portfolio and live off the dividends/distributions. Don't chip away at your nest egg by selling shares because you could eventually deplete your assets and you thus risk outliving your assets, which is a bad thing. IMO investing for growth and investing for income are mutually exclusive. A lot of people like JEPI and JEPQ for income and I like GOF. For growth, if you can tolerate the volatility there are QLD and SSO. Remember that volatility cuts both ways: upside and downside, and that the overall trend of the stock market over the decades is UP!
I'd agree. But (obviously) in not clear on the parameters you have to work with. Can you buy things like QLD? Still a fund but leveraged.
it really depends on the underlying; flat days are bad for LETFs and dump days are horrendous, for LETFs, you want to buy 2x/3x of something that goes up the majority of the time (ex: SSO, UPRO, QLD, TQQQ)
I think UPRO got worse sharpe ratio than unleveraged QQQ. QLD->TQQQ or SVIX.
That's almost exactly when I redraw some of my mortgage and put it in QLD. It felt obvious we were hitting lows. Tweets like this confirmed it.
bruh u make that much money over a summer? Stick to SPY or QQQ, or if you're being ballsy, try SPXL or QLD or TQQQ. Just DCA and remember to take profits a year or so from now.
I’m all in QLD, TQQQ, TMF, and ETH rn
2x leverage is where you want to be long term so SSO or QLD.
I am not sure what advantage you would have with options on a 2X leveraged ETFs vs. just playing QQQ. Options are already leveraged, you can just add more leaps with a lower delta. Problem with QLD is it will magnify the normal and expected pullbacks and corrections.
QLD is 2x not 3x leverage. The premium would be higher to purchase the contracts but so would the Implied Volatity 26% vs 44%. I'd probably stick with something that is highly liquid and go further OTM if I wanted to increase my leverage. Your paying alot of $ going that far out. I've found options work best for me going shorter term, 30-60 days. If I'm right on the direction, I can get in and out in a couple of weeks without putting up a ton of collateral. Anything I'm super bullish on i.e. long term retirement, I'll just buy the underlying and keep building it up per the investment plan.
No, it's gibberish and you can tell he learned everything he knows about investing from reading other uniformed individuals here. > 1) Start a passive income portfolio that will pay long term capital gains tax rate JEPI income is derived from equity linked notes as well as option premium. Neither of those sources will be treated as qualified dividends, and therefore taxed at ordinary rates, not more favorable capital gains rates. BND is a bond fund. Dividend payments from this fund will also be 100% ordinary. SCHD is the only fund in this "portfolio" that will have its dividends be qualified in any capacity. "long term capital gains tax rate" lol. OP is going to be paying largely all of this "5%" yield at ordinary rates. >2) The remainder 10% - 20% I would place into a high growth equities portfolio. 30 $QLD / 30 $SSO / 40 $SCHD is one you can feel comfortable letting grow under any market condition besides a recession" Ignoring all of the overlap between nasdaq and the S&P, and the absurd amount of tech concentration present (and also another appearance of SCHD for some reason), telling someone it works until it doesn't is bad advice. Going to love when a market downturn happens and your portfolio loses 50% because you told them not to worry about rebalancing. > 3)Keep the $500K retirement untouched into a passive 60/40 stock bonds portfolio let it grow until he has to take RMDs Nobody ever said anything about RMDs. And assuming this $500k is all in tax-deferred assets, OP has failed miserably at making a cohesive portfolio that does anything except provide for a ton of risk and pop out a ton of ordinary income. >20 $VTI / 20 $VOO / 20 $QQQM / 40 $BND VOO and VTI are effectively the same asset. They've had a 100% correlation for the last decade and likely will continue having that same correlation because it's evident OP has not actually learned what these two ETFs are. QQQM has had a 92% correlation to both of the other equity ETFs because all they've done is apply a tech tilt to this portfolio. BND is the only diversifying aspect here. If OP gives this idea to his father this will effectively be his father's portfolio: $3.2M invested as: 31.25% in JEPI 24.34% in SCHD 21.88% in BND 6.56% in QLD 6.56% in SSO 3.13% in VTI 3.13% in VOO 3.13% in QQQM or approximately 75% in equities and 25% in fixed income or high yield ETFs. This portfolio, since all of the common inception of each fund (January 2021) would be underperforming the S&P 500 by about 2.71% annualized and is doing worse on a risk-adjusted basis. This is also assuming reinvestment of all dividends. Total growth would look significantly worse if you were not reinvesting income from >50% of the portfolio This $3.2M portfolio would have generated in excess of $185k in dividends in 2022, a majority of which would have been taxed at ordinary rates. Assuming this was the only income, OPs dad would have been in the 24% tax bracket off ordinary portfolio income alone. Ironically this post would have been much better if he told OP's dad to put the $2M into the VTI/VOO/QQM/BND portfolio. It's still a portfolio with a ton of overlap, but at least the majority of his money wouldn't be in highly volatile leveraged funds. >Consult a CPA tax professional to review your plan because at this point that is the most importantly need, to lower your effective tax rate. Not happening in this portfolio. CPAs aren't magicians. You can't just sweep away dividend income. But what you can do is not invest for yield and then sell part of your portfolio for when you actually need it, and, most likely, actually obtain long-term capital gain treatment on the sales. >Also recommend consulting to setup asset protections plans like a revocable life trust and entity LLC to ensure legal protections and streamlined inheritance. Rev trusts aren't asset protection trusts. And if you're sued the rev trust won't make any sort of difference. LLC for a $3.2M portfolio is so highly unnecessary and will not do what you think it does. If you're worried about liability, buy an umbrella policy. >Educate yourself and your father and DO NOT let a financial adviser steer you towards taking a fee and you not managing your own hard earned money that can be generational wealth. Buddy needs to take his own advice first before giving it out.
I would recommend this framework strategy. Can be tailored to suit your needs, reach out if you have questions: Optional: Take 10% and make a splurge once in a lifetime purchase or investment like a world trip, cruise, boat, or vacation home down payment. 1) Start a passive income portfolio that will pay long term capital gains tax rate. I recommend 70% of the money go towards that. A $2M portfolio allocated to 50 $JPEI / 25 $BND / 25 $SCHD will average around 5% dividends cash flow annually or $100K/ yr at 0% long term capital gains tax rate meaning all that money will be tax free. This passive portfolio value will still grow overtime meaning that the value will increase above $2M and pay increased dividends without you actively managing positions besides annually rebalancing to the allocation levels (annual rebalance to avoid short term capital gains taxation) 2) The remainder 10% - 20% I would place into a high growth equities portfolio. You are never too old keep growing aggressively. Recommend a balanced 2X index leverage strategy that will not require rebalancing as I assume this will also be in in a taxable account. A passive drawdown and volatility managed portfolio strategy like 30 $QLD / 30 $SSO / 40 $SCHD is one you can feel comfortable letting grow under any market condition besides a recession. You will also avoid short term capital gains by no rebalancing more that once a year with this portfolio. At only 10% of the windfall balance allocated to this it is a good risk / reward balance. 3) Keep the $500K retirement untouched into a passive 60/40 stock bonds portfolio let it grow until he has to take RMDs. 20 $VTI / 20 $VOO / 20 $QQQM / 40 $BND will average 10% CAGR with food drawdown and volatility protection. This fund can de liquidated as needed to provide one time large purchases in the future. Consult a CPA tax professional to review your plan because at this point that is the most importantly need, to lower your effective tax rate. The tax and accounting consulting fee is worth the cost. Make sure the payment it is on a rate base not total account %. Also recommend consulting to setup asset protections plans like a revocable life trust and entity LLC to ensure legal protections and streamlined inheritance. Educate yourself and your father and DO NOT let a financial adviser steer you towards taking a fee and you not managing your own hard earned money that can be generational wealth.
I think over the next 2 months, there is a bigger chance for the market to got down than up, so I think am hesitant to recommend any stock right now. But after the market churn, if I were in your shoes, I would probably grab some NVDL QLD or SPUU. I will say, my risk tolerance is higher than most so QQQ is not a bad idea but it will be a few years (at least) to get back to even after a 38% draw down