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Non-Tech : QQQ - Nasdaq 100 Trust
QQQ 608.40-2.0%4:00 PM EST

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To: BUYandHOLD who wrote (292)3/24/2000 4:55:00 AM
From: amic  Read Replies (1) of 840
 
Not a mistake. Welcome to the club of QQQ LEAPS investors. I stopped short-term trading and speculating a year ago (time constraint), and put a significant part of my portfolio in QQQ LEAPS (call side of course). Even with the recent correction, my returns are still way (make it W-A-Y) above what they used to be.

Now all I do is wait for new QQQ LEAPS to be created, and I roll them every now and then. With the profits I buy LEAPS on gorilla stock like INTC or CSCO.
Time investment: about 10 minutes a month.
Returns: too obscene to report.
Bonus: peace of mind and no stress related to short-term trading.
The catch: tax implications, talk to your advisor.

Relax, and enjoy the ride.
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