Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ocote who wrote (10)	3/14/1999 6:17:00 PM
From: Mr. Aloha	Read Replies (2) \| Respond to of 840

I don't think QQQ pays much of a dividend (another tax advantage), and it's not one company, so I don't think there's anything like a DRP. I think the best bet is to use a deep discount broker with commissions as low as $5 for trades. I plan on opening an account with Brown & Co. ($5 trades for market orders) to actively trade QQQ and SPDRs in my IRA based on technical analysis. The lower alpha (individual stock) risk makes these index equities very attractive for IRA trading, as you won't get killed by one earnings disappointment, and consistent compounding should grow your investment substantially over time. Being able to short on a downtick (in non-retirement accounts), as well as being able to trade options (even writing covered calls in an IRA) is a huge plus. Any thoughts on this strategy?