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Non-Tech : QQQ - Nasdaq 100 Trust -- Ignore unavailable to you. Want to Upgrade?

To: PaperProphet who wrote (323)	5/30/2000 11:26:00 AM
From: Cosmo Daisey	Read Replies (1) \| Respond to of 840

Kurt, The advantages to QQQ rather than a fund is it trades all day, you can sell short, you can buy/sell options. The premium for writing covered calls is attractive at about 6% a month. One thousand shares would cost about $82,000 and the monthly premium would be about $6,000. Not a bad retirement income but of course this depends on a decent market with an upward bias. Cosmo

To: PaperProphet who wrote (323)	5/30/2000 2:08:00 PM
From: A. Wayne	Respond to of 840

Kurt, The best thing about the QQQ versus a similar index fund is being able to buy and sell throughout the day, and no required capital gains taxes each year if you don't sell your Qubes. There are fees though. There is a management fee of .18% (expense ratio) and of course the commission for buying and selling. I think overall these are smaller than what you would pay to a mutual fund. There are lots of other ETFs coming out that you might want to look at in addition to QQQ, DIA, SPY. And, there are WEBs for foreign country indexes. Although I think I read that the WEBs declare annual capital gains. Wayne