### Why I Bought QQQM at $199.80 After It Retraced from $206 to $198
Alright, everyone, gather 'round because I'm about to drop some financial wisdom with the comedic flair of Max from *2 Broke Girls*. So, you know how QQQM went all high and mighty, strutting around at $206 like it's hot stuff? Well, then it decided to pull a classic party move and took a nosedive to $198. And that's when I swooped in, like the bargain-hunter I am, and snagged it at $199.80. Why, you ask? Let me break it down for you.
Picture this: QQQM is like that fancy, overpriced cupcake everyone raves about. It looks great at $206, but who wants to pay full price? Not me! So, I waited for it to have a minor identity crisis and drop to $198. Now, $198 is like that sweet spot where it’s still the same cupcake, but now it's on sale. And I love a good sale. So, when it bounced back to $199.80, I pounced.
But here’s the kicker: I’m not just buying QQQM to feel fancy. No, I’m in it for the long haul. I’m dollar-cost averaging, baby! It’s like buying flour every week for my cupcake business. Sometimes it’s a little cheaper, sometimes a little pricier, but in the end, I get a big, fluffy pile of investment gains. By buying at $199.80, I’m lowering my average cost per share, making sure I’m not overpaying in the long run.
Now, you might think, “Max, what if it goes lower?” Well, if it does, I’ll just buy more! It’s like finding out there’s an even better sale at the bakery. I’m not afraid to stock up when the price is right.
In the end, buying QQQM at $199.80 is like finding a great deal on that must-have cupcake. You get the same great taste, but with the satisfaction of knowing you didn’t overpay. And who doesn’t love that? So here’s to smart investing, dollar-cost averaging, and always snagging a deal. Cheers!
| Side | Price | Realized P&L |
|---|---|---|
| Buy Open | 199.89 | -- Closed |
Modify on 2024-07-18 14:41
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I got to the point where I thought I had too much of it lol. May buy some if we pull back. Really looking to add to
QQQM and VOO if they start to pull back some more here.
Look at the performance chart for SMH, it has NVDA plus other semis. And I like QQQM over AMZN. I own all of these, but if I had it to do over, I’d probably stick with the ETFs.
QQQM has a lower expense ratio but QQQ has better liquidity with 20x more volume . I guess as a retail investor liquidity doesn’t matter as much.
On my one singular stock that I own, I’m up 105% and have been slowing averaging out of it and putting into QQQM
I used to be invested in QQQ & VOO. They are probably my favourite but I haven’t checked out QQQM.
@TigerStars
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