USNQX
NASDAQ-100 INDEX FUND NASDAQ-100 INDEX FUND
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US9032888193 appears to be the ISIN for the NASDAQ 100 mutual fund USNQX from Victory Capital (never heard of them). So what you bought was a NASDAQ 100 mut fund, not a QQQM fund. It is more than a pedantic difference to describe them so someone else can understand what you are asking about. As a mut fund it should have been purchased at the closing price of the day after the market closed. The exact info is in your account.
Let's see. Since I invest long term and don't gamble on individual stocks daily, I'd give that question an unqualified YES. As a government employee, in \*addition\* to my Pension, and VA disability, here's how my "investments" are doing. Several examples - USSPX up 14.9% this year, 182.5% in 10 years. USNQX up 18.4% this year, 365% in 10 years. A couple years ago, I moved my government Thrift Savings Plan (TSP) out of a managed lifecycle (L-fund) into the C Fund, up 17.49% this year.
Half is in USNQX (has done really well) and half in USAWX (poor performer). I am in the bottom of the 12% tax bracket and live in Texas so I shouldn’t be paying any capital gains taxes on long term holdings. Of course I plan to meet with my tax professional before doing anything, but want to plan for the near future.
It’s not the market drop anyone should look at, it’s the relative drops. It’s going to be a good day to as to my USNQX
thoughts on USNQX
One point I’d mention in favor of mutual funds is that they can’t be traded during the day. That can be helpful for someone who feels they’re prone to impulsive or gambling-type behavior. They’re also a little more user-friendly for people who just want to set and forget. I can tell my brokerage that whenever they get a deposit to invest it 80% FSKAX and 20% FTIHX, and it’ll do that *regardless of the timing or amount* of those deposits. With ETFs it (currently) has to be a bit more structured: buy $100 of VTI and $25 of VXUS every other Tuesday. So mutual funds can be super hands-off. As for the ETF preference, I’d say *in general* ETFs have lower expense ratios, probably because they’re newer and thus have been repriced to stay competitive in the current environment. Why pay 0.45 for [USNQX](https://fundresearch.fidelity.com/mutual-funds/summary/903288819) when QQQM only charges 0.15%. Also ETFs can’t have loads (lump-sum fees when you buy or sell) and the minimum investment is the cost of one share, possibly less if your broker allows fractional shares.
I got extremely lucky. Our fund options were changing at the beginning of 2022, I mistakenly thought my investments would just transfer over to an equivalent (i.e. a Fidelity S&P to a Vanguard S&P), but apparently I didn't read well and thats not how it worked. I got transferred into a money market fund, and all of my future contributions went into money market. I never really checked up on my portfolio, and about August I was curious to see how bad it was doing with all the economy junk being in the news. Everyone at work was down 15-30%. I checked mine and was only down like 4%. Right after that was the conference in August that J.Powell blew up the markets. Anyway, I'm currently in 80% cash (spent 20% buying a USNQX dip a few weeks back). The more I read, the more I realize I don't know shit about fuck, and am probably gonna burn myself trying to "wait for the bottom". I'll probably spend the last 80% some time next week. I still have 20-25 years to retire, so it really doesn't matter if I hit the bottom. I've saved some losses through dumb luck, which is good i guess.
If you have the option to pick and choose whatever you want and it's in a retirement vehicle so you wouldn't pay taxes, I'd at least suggest switching from USNQX to QQQM. Same deal with a much lower expense ratio.
Thank you in advance for any help or answers. I wrote this a few days ago. Obviously, the market as a whole has done noteworthy things since then. My general question about general timing with these two funds still stands. * 52 * No kids, probably married soon * Stable employment, just over six figures * Objective - retire in under 20 years * OK with medium to high risk * No debt About 37% of my low six figures IRA+401k is in two "World Large-Stock Growth" funds. One is PGIM Jennison Global Opportunities Fund PRJAX, [which currently has a great rating in USNews](https://money.usnews.com/funds/mutual-funds/world-large-stock-growth/pgim-jennison-global-opportunities-fund/prjax) (five stars from Morningstar and CFRA, A/Buy from The Street, etc). The other is T. Rowe Price Global Stock Fund PRGSX, [which has even better ratings](https://money.usnews.com/funds/mutual-funds/world-large-stock-growth/t-rowe-price-global-stock-fund/prgsx) (five stars from Morningstar, 1/Strong Buy from Zacks, etc). Some other funds I have strong holdings in are USNQX USAA Nasdaq 100 Index Fund, PRCOX T. Rowe Price U.S. Equity Research Fund, and FGRIX Fidelity Growth & Income Portfolio. I recently bought some SPY and VOO, after seeing how much people on Reddit love them. Anyway - the two World Large Stock Growth funds - When I talked to an advisor and we went over their composite holdings a year ago, they looked similar, but looking over them now before I post, they look pretty different. Regardless, they both however have gotten hammered the last couple months. Since mid-November, PRGSX has been down -25%, and PRJAX -32%. I know the market in general has been down, but this is getting ridiculous. I'm of two minds about it. One mind is, I think I'm overexposed to these "World Large-Stock Growth" and should reallocate. And, even though both funds are down, I'm sick of the daily losing relative to the market, and think now may be a fine time to pull maybe a third of my investment in the two of them out of them. I mostly pulled out of ARKs a couple months ago even after they had hemorrhaged massive value, and am happy I did, as the hemorrhaging has continued. And like the ARKs, PRJAX and PRGSX gained tremendously in the previous year and a half, flying high over the indexes - x3.1 for PRJAX and x2.4 for PRGSX, so maybe these losses is appropriate rightsizing. The other mind is, PRJAX and PRGSX may be undervalued now and poised for a relative bounceback. I bought them a year ago because the ratings companies strongly recommended them, and, most compelling to me, the ratings companies seem to still believe in them. Also, I've learned the hard way not to instinctively buy high or sell low on a fund. So, not sure is now a time to sell and rebalance into a different type of fund (my Fidelity 401K won't let me buy VOO or SPY, in order to promote FXAIX instead), or whether to hold pat and just ride it out.