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

To: Mr. Aloha who wrote (14)	3/14/1999 7:06:00 PM
From: Mr. Aloha	Read Replies (1) \| Respond to of 840

Just heard from Bob Brinker that the dividend yield on QQQ is just 0.07%, while the annual management expenses are 0.18%, so the NAV of QQQ should shrink ever so slightly relative to the Nasdaq 100. These numbers are miniscule compared to management fees/loads/other fees charged on most mutual funds and even index funds. The low yield also means that nearly all gains on long-term holdings will be treated at the favorable long-term capital gains rate if/when they are sold.

To: Mr. Aloha who wrote (14)	3/14/1999 9:52:00 PM
From: Ocote	Read Replies (2) \| Respond to of 840

I agree that finding the lowest cost discount broker would facilitate the sort of "DRP-like" investment I'm contemplating. I have heard (source ?) that we may eventually see "free" trading. After all, I believe the deep discount brokers make more of their money on the spread. This is something akin to buy.com selling for under cost and giving away computers for free in exchange for advertising. As far as the trading is concerned, it sounds like it has great potential for the active trader. My concern would be that the spread could get out of hand in volatile situations. Best wishes and thanks for your response. Ocote