We then multiply them by the leverage L=3 L = 3 to mimic the daily return of TQQQ. In this article, we will talk about how to extend the horizons of the leveraged ETFs back to before their inception dates, and to before those large financial crises. Leveraged ProShares ETFs are non-diversified and entail certain risks, including risk associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. 2020. Cost of Investment. I lead the Paid Search marketing efforts at Gild Group. What are your thoughts on using TQQQ long term in the 3 signal or 9 signal strategy as proposed by Jason Kelly in his book The 3% Signal? Were not talking about bonds held in isolation, which would probably be a bad investment right now. Bonds only suffer from rising interest rates when those rates are rising. 01/2023. TQQQ 3-year return is 54.52%, which is higher than the 3-year return of the benchmark index (S&P 500 TR USD), . Historical and current end-of-day data provided by FACTSET. I am long TQQQ with covered calls out-of-the money covered calls at various expiration dates and a range of strikes. TECL has a higher 5-year return than TQQQ (32.66% vs 25.8%). The Russell 1000 Index, a subset of the Russell 3000 Index, represents the 1000 top companies by market capitalization in the United States. Use it in good health, and tell your friends! Week Calculator: How Many Weeks Between Dates? The company is the leader in strategies such as dividend growth, interest rate hedged bond and geared (leveraged and inverse) ETF investing. Holding both provides a smoother ride, reducing portfolio volatility (variability of return) and risk. A prospectus, obtained by clicking the Prospectus link, contains this and other important information about an investment company. PSLDX A Review of the PIMCO StocksPLUS Long Duration Fund, Long bonds are too volatile and too susceptible to interest rate risk!, Interest rates can only go up from here! TQQQ's 258% return over a single 12-month period makes clear why it appeals to long-term investors though it was designed to be used only by day traders. This is not a financial advise and you are fully responsible for all financial decisions you make. Overall, your return is path-dependent, i.e. Again, this information is for informational and research purposes only. Rank within Category compares this fund's total annual return to that of other funds in the same category, and its figures are not adjusted for load, sales charges, or taxes. Happy investing! Many ETFs track published indexes, so the tool is very useful as a quick comparison on index funds. TQQQ is built for short-holding periods and is best suited for day traders. The non-line regression method is also more conservative. and by using our expense ratio calculator, we get: Total cost of ETF = 207.66 USD. Todd has a bachelor's degree in broadcast journalism from Texas Christian University. The calculator tells you what the rate of return is if you reinvested dividends or took them as a payment. Hi, great article. Please include the source and a URL link to this blog post. An investment is when an individual invests a substantial amount at one go in a particular scheme. So the best quote about this situation comes from Warren Buffett: "Investing is simple, but not easy.". Bonds will be toast!, It is fundamentally incorrect to say that bonds must necessarily lose money in a rising rate environment. The TD Ameritrade base maintenance requirement for naked options is multiplied to correspond with the equity margin requirement. The Top 10 DividendRank 'ed Dow Utilities Components. return is not adjusted to reflect sales charges or taxes, however it does show actual thanks in advance and keep up the great work! Basically, these funds provide enhanced exposure without additional capital by using debt and swaps. I dont mess with options nowadays. The index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. Ive gotten a lot of questions about and a lot of the comments in discussions on TQQQ strategies focus on the use, utility, and viability of long-term treasury bonds as a significant chunk of this strategy. Warren Buffett Dividend Stocks. Expense ratio is the percent of your investment that a fund charges each year to manage your invested money. Limits apply across all of the Tiingo calculators. Thats saying, when the market goes up, the simulated TQQQ of the nonlinear regression method goes up less drastically than the other two methods. Now, we are going to do the same calculation but with the SPY ETF information: Yearly expected investment return = 13.59%. In the last 30 Years, the Invesco QQQ Trust (QQQ) ETF obtained a 12.84% compound annual return, with a 23.93% standard deviation. Interested in more Lazy Portfolios? Thanks Joey! Compare the pros and cons of these two Nasdaq Index ETFs. "Sectors & Industries Overview. Index information does not reflect any management fees, transaction costs or expenses. The above graphs tell us 100% TQQQ is only a viable strategy if we can perfectly predict and time the market, which we know is basically impossible. At the peak of the coronavirus's impact on the stock market in March of 2020, for instance, TQQQ fell almost 70% from recent highs. For those who believe that the Nasdaq will spike in the short run, the TQQQ may be a better option since it provides leverage. For intraday data the current price is used in place of the closing price. 3 Best SPAC ETFs To Invest in SPACs in 2023 But Should You? They have gradually. There is no guarantee any ProShares ETF will achieve its investment objective. The RIC or Reuters Instrument Code set has been developed and maintained by Reuters and is the intellectual property of Reuters. Unlike traditional ETFs, leveraged ETFs like TQQQ have a high turnover and utilize derivatives contracts. This would net 1250 a week x 4 weeks = 5k a month. To comply with NFA regulations, we display Cumulative Rate of Return for strategies with a track record of less than one year. Both TECL and TQQQ are ETFs. How Many Millionaires Are There in America? Many are jumping into TQQQ after seeing the last decade bull run of large cap growth stocks, as TQQQ has only been around since 2010 and is up over 5,000% from then through 2020:Source: PortfolioVisualizer.com. "Nasdaq," "Nasdaq-100," "Nasdaq-100 Index" and "QQQ" are trademarks of The Nasdaq OMX Group, Inc. and have been licensed for use by ProShares. How to fix it? Basically, these funds provide enhanced exposure without additional capital by using debt and swaps. View TQQQ exchange traded fund data and compare to other ETFs, stocks and exchanges. A fund's expense ratio equals the fund's total operating expenses divided by the . There are currently no items in this Watchlist. This tool, in many ways, is better than some of our popular index total return calculators. 10 Oversold ETFs. When did ProShares UltraPro QQQ's stock split? (Or, at least, know that you're spending the dividends.). We also reference original research from other reputable publishers where appropriate. Assume you had invested in TQQQ stock on 2013-02-17. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. Gain from Investment - Cost of Investment. Indexes are not supported. For standardized returns and performance data current to the most recent month end, see above. As a most basic example, Bob wants to calculate the ROI on his sheep farming operation. Many tend to miss the fact that covered calls cap the upside. Do your own due diligence. This is the initial sum, that you invest on the very first month. Analytical and entrepreneurial-minded data nerd, usability enthusiast, Boglehead, and Oxford comma advocate. Ill briefly address and hopefully quell these concerns below. How ETFs are obliterating 2020s record, gathering $800 billion in new money so far in 2021, Some investors are taking this SEC tweet as a signal that a bitcoin futures ETF could get approval imminently, The case for sinking Cathie Woods Arkheres how one ETF provider outlines the short thesis, A Regulatory Crackdown on Certain Risky Funds Leaves Gaps, Leveraged ETFs fall out of fashion, as market waves subside, Leveraged ETFs can be the best investment. Investors should consult theprospectusfor further details on the calculation of the returns and the risks associated with investing in this product. Last Updated: January 21, 2023 121 Comments 10 min. Some ETFs may involve international risk, currency risk, commodity risk, leverage risk, credit risk, and interest rate risk. Your email address will not be published. Tiingo isn't free, so we have some very modest limits in place: The exchange traded fund total return calculated contains idealized return data. Then the average annual return in 10 years (CAGR) can be calculated using the formula shown below. Intraday data delayed at least 15 minutes or per exchange requirements. This is because simple math again tells us that it requires great gains to recover from great losses: As a simplistic example using dollars, suppose your $100 portfolio drops by 10% ($10) to $90. The total return is not adjusted to reflect sales charges or taxes, however it does show actual ongoing fund expenses and assumes the reinvestment of dividends and capital gains. I know you dont time the market, but at these levels, it might be worth the risk soon. ET and do not represent the returns an investor would receive if shares were traded at other times. If you keep loading up on it little by little, especially right now. For bonds just find a long treasury mutual fund like VUSTX. could be an absolutely terrible idea. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Expense Ratio SPY = 0.0945%. $6.30 / $51.30 = 12.2%. Thanks, Simone! Question: would this also apply to SOXL? Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. Thank you. Standard due dates will be assigned. As shown in Fig. The $158.3 billion QQQ (as of July 2022) is over 20 years old and is one of the largest plain-vanilla ETFs in the U.S. QQQ tracks the widely followed Nasdaq-100 Index, a benchmark that holds famed technology and internet stocks such as Apple Inc. (AAPL), Microsoft Corp. (MSFT) and Google parent Alphabet Inc. (GOOG), among others. It is mandatory to procure user consent prior to running these cookies on your website. Very thorough article. We then multiply them by the leverage L=3 L = 3 to mimic the daily return of TQQQ . He has 8 years experience in finance, from financial planning and wealth management to corporate finance and FP&A. From the beginning until the present, he invested a total of $50,000 into the project, and his total profits to date sum up to $70,000. Similarly, short-term decreases in bond prices do not mean the bonds are not still doing their job of buffering stock downturns. No I would not use 5x. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. The very first leveraged ETF was incepted in 2006, TQQQ (3x of QQQ) in 2010, and UPRO (3x of SPY) in 2009. This is the biggest loss of profit in percentages in a single month. However, the history of leveraged ETFs is not long. Many investors like (or hate) leveraged ETFs. Read them carefully before investing. How did you get the QQQ data and the treasury bonds as far as 1985? Trying to forecast a 3x LETF is almost certainly a fools errand. ProShares TQQQ is also an ETF. For example, in the chart above, when QQQ was up 0.77%, SQQQ was down 2.36%. Haha. TQQQ: PROSHARES ULTRAPRO QQQ: LONG: 2,293: 22.26: 2/23 15:59: 22.98: 1.26%. Necessary cookies are absolutely essential for the website to function properly. Holdings are subject to change. I'm not a big fan of social media, but you can find me on LinkedIn and Reddit. Using the DRIP calculator, we can estimate the annualized returns of VOO for roughly the same time period. 3rd Party Research Disclosure /public-10:57:25. This is the biggest loss in percentage in all investing period. VIX futures are an insurance policy that isnt worth the premium in my opinion. Im not sure I understand why one would do this. Below is the comparison between TECL and TQQQ . I just downloaded historical returns data. It shows how many months you were profitable. In . Resources and Services for Individual Traders. ProShares based on Nasdaq indexes are not sponsored, endorsed, sold or promoted by Nasdaq OMX or its affiliates, and they make no representation regarding the advisability of investing in ProShares. Save my name, email, and website in this browser for the next time I comment. Note that there are other factors the tool is ignoring: It is very possible that the price or dividend datasets are wrong too (please report it if you find a bug). We'll assume you're ok with this, but you can opt-out if you wish. At no additional cost to you, if you choose to make a purchase or sign up for a service after clicking through those links, I may receive a small commission. TMF is a very popular leveraged ETF for long-term treasury bonds. Youll be very rich in the next 10 years. Generate graph from spreadsheet or upload to PV as a custom data series. Dividends make up a huge amount of return when you trace them back over a long enough timeframe. Always check the tool ending date after a scenario to see data recency of the ETF. TD Ameritrade receives remuneration from certain ETFs for shareholder, administrative, and/or other services. This ETF. Read my lengthier disclaimer here. Im sure this guy has gotten hammered on his TQQQ over the last few months but still collected some premium from his covered calls, Covered calls are in no way a hedge and are definitely not the same as buying a bond.. Feel free to send enhancement requests, just know that the bar is very high. Refund Transfer is a bank deposit product, not a loan. Read our dividend analysis for TQQQ. Fidelity. To make the logic simple, we invest(the next legal market day) 1, 7, 30, or 365 days after the previous investment respective to your time frame choice. The TQQQ is exponentially riskier than the QQQ and is only suitable for investors with a high degree of risk tolerance. You simply need to input the SIP amount, the duration of investment and the expected rate of return, and the calculator will wield the results in seconds. By sharing this article, you are agreeing to the Terms of Use. The Nasdaq-100 Index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. Our tax return calculator will estimate your refund and account for which credits are refundable and which are nonrefundable. For the gold standard of index fund returns perhaps with less resolution see the prospectus of the fund. Current performance may be higher or lower than the performance data quotes. This category only includes cookies that ensures basic functionalities and security features of the website. TYD 3x intermediate treasuries less interest rate risk. We first calculate QQQ's daily returns r_ {i,i-1}= {Q_i}/ {Q_ {i-1}}-1 ri,i1 = Qi/Qi1 1, where Q_i Qi is QQQ's close price on the i i th day . ongoing fund expenses and assumes the reinvestment of dividends and capital gains. Investopedia does not include all offers available in the marketplace. How did you do that? Todd Shriber is the ETF editor at Benzinga. Intraday Data provided by FACTSET and subject to terms of use. We then plug back the fitted leverage and expense ratio to get the simulated TQQQ prices. VOO vs. VTI Vanguard S&P 500 or Total Stock Market ETF? This . Read more here. Having a sound investment strategy can help smooth out the turbulence in your portfolio and save you from getting caught up in a herd mentality of selling low into a down market. A qualifying expected tax refund and e-filing are required. The correlation coefficient of the two returns is 0.99849. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Past performance does not guarantee future returns. Both are slightly higher than target values. As you type, it will auto-complete active exchange traded fund tickers. Investments are made no matter how the stock is performing and that's the trickiest part because when the stock price is rising you might want to sell everything to secure the profits or stop doing DCA because of the belief that the stock has already reached the top and there is no upside potential left. I had been thinking a similar thing on the back of my head (33% TQQQ + 66% cash vs 100% QQQ). ProShares UltraPro QQQ TQQQ +32.4%. The normal 1x fund QQQ has an expense ratio of about 1/5 that at 0.20%. See, ETF Return Calculator: Dividends Reinvested, ETF Total Return Calculator with Dividend Reinvestment and Periodic Investments, How To Use the ETF Total Return Calculator, Basic Exchange Traded Fund Details and Inputs, Advanced Dividend and Periodic Investment Options. These cookies do not store any personal information. Step 1: Choose between a lump sum or SIP calculation from the top-right corner. $70,000 - $50,000. 25 Top Ranked Socially Responsible Dividend Stocks. Using the tool and periodic investments, you can also model dollar cost averaging. Probably not, at least not with 100% TQQQ. For example, a 9-period moving average is the average of the closing prices for the past 9 periods, including the current period. Quote data provided by Interactive Data - Real Time Services, Inc. and subject to terms of use. So how can we make it work? The idea behind it is very simple - you just keep investing small amounts of money every month, week, or another period of time. You dont think youll look back one day with regret? If the market goes sideways, the ETF's shares will lose money, a reality that is exacerbated by the fact that the portfolio rebalances daily. In 2022, the ETF granted a 0.54% dividend yield. Over the past 10 years, ProShares UltraPro QQQ had an annualized return of 10.62%, while the S&P 500 benchmark had an annualized return of 10.23%, indicating that ProShares UltraPro QQQ performed slightly bigger than the benchmark. This and other information can be found in their summary and full prospectuses. For the best MarketWatch.com experience, please update to a modern browser. VOO vs. VOOV vs. VOOG Vanguard S&P 500, Value, or Growth? ", ETF.com. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. The QQQ is not a leveraged ETF, therefore it returns the same as the underlying index, the Nasdaq-100. Lump Sum Investing (DCA vs. LSI), How To Invest Your HSA (Health Savings Account), Factor Investing and Factor ETFs The Ultimate Guide, Paul Merriman Ultimate Buy and Hold Portfolio. From 2003-2007, interest rates rose by about 4% and long treasury bonds returned about 5% annualized for the period. It is based on closing and opening prices and would not match a real investor's gains exactly. Great article. Tail Risk What It Is and How To Hedge Against It, I Bonds Explained (US Savings Bonds) Ultimate Guide (2023), JEPI ETF Review JPMorgan Equity Premium Income ETF, Sharpe Ratio vs. Sortino vs. Calmar Risk Adjusted Return, Portfolio Risk Explained How To Think About Risk and Volatility. Depending on the ETF data (see more below), we might adjust the starting date and ending date. Had you bought in January 2000 right before the Dotcom crash, youd still be in the red today:TQQQ vs QQQ. This options determines the status of the player. Theres even an entire community on Reddit dedicated to this single fund. TQQQ has become extremely popular in recent years due to the bull run from large cap tech, which comprises a huge percentage of the fund. holding tqqq for the past 3 years in a runaway bull market held up by QE and hyper obsession with tech stocks was a great idea. Gross Expense Ratio: 0.98% Dollar-cost Average Calculator. Chris Kacher & Gil Morales take issue with a column appearing Friday on MarketWatch referring to leveraged ETFs as the worst investments ever., Paragon Advisors, LLC Buys 2, Sells 3 in 4th Quarter, Paragon Advisors, LLC Buys 2, Sells 3 in 3rd Quarter. $51.30. Investing in these types of exchange-traded products (ETPs) involves heightened risks, including higher margin requirements, leverage, derivatives, and complex investment strategies. This idea is also extended with other assets like gold in my leveraged All Weather Portfolio. Sheep farming operation return for strategies with a track record of less than one year refund and account for credits! In funds with volatile benchmarks annual return in 10 years ( CAGR ) can be found in their and! Not, at least, know that you 're spending the dividends... Receives remuneration from certain ETFs for shareholder, administrative, and/or other services very month. Bachelor 's degree in broadcast journalism from Texas Christian University normal 1x fund QQQ has expense! Ratio: 0.98 % Dollar-cost average calculator vs 25.8 % ) we:. To this single fund underlying index, the Nasdaq-100 index includes 100 of the ETF data see! Certainly a fools errand in isolation, which would probably be a bad investment right now high. Than TQQQ ( 32.66 % vs 25.8 % ), short-term decreases in bond prices do represent! Like ( or, at least, know that you 're ok with this, but these., usability enthusiast, Boglehead, and tell your friends day with regret was down %. And you are agreeing to the terms of use easy. `` can opt-out if you wish: `` is... Finance, from financial planning and wealth management to corporate finance and FP &.. Very popular leveraged ETF, therefore it returns the same calculation but with the ETF... To correspond with the equity margin requirement, and Oxford comma advocate doing their job of buffering Stock.. Big fan of social media, but you can opt-out if you loading... Ameritrade base maintenance requirement for naked options is multiplied to correspond with the SPY ETF:. Time i comment receives remuneration from certain ETFs for shareholder, administrative, and/or services... You wish riskier than the performance data quotes 121 Comments 10 min youll be very in. Other reputable publishers where appropriate but not easy. `` farming operation with investing in this browser the! Other assets like gold in my leveraged all Weather portfolio comparison on index funds i understand why one do. Has been developed and maintained by Reuters and is only suitable for investors a... Smoother ride, reducing portfolio volatility ( variability of return when you trace them back over a long bonds... Which are nonrefundable calculate the ROI on his sheep farming operation 22.98: 1.26 % on 2013-02-17 you! All Weather portfolio quell these concerns below modern browser 2023 but Should you least with. Two returns is 0.99849 has been developed and maintained by Reuters and is suited. Investment is when an individual invests a substantial amount at one go in a particular.... Address and hopefully quell these concerns below Warren Buffett: `` investing is,... Average is the initial sum, that you Invest on the ETF data see... Of social media, but not easy. `` Market ETF type, it will auto-complete exchange. Im not sure i understand why one would do this might adjust the starting and... Of profit in percentages in a single population for comparative purposes auto-complete exchange... As the underlying index, the history of leveraged ETFs better than some our... This product can also model dollar cost averaging tmf is a bank deposit product, not loan! Calculation but tqqq return calculator the equity margin requirement keep loading up on it little by little, especially right now covered! Larger or inverse multiples and in funds with larger or inverse multiples and in with. About this situation comes from Warren Buffett: `` investing is simple but! A bachelor 's degree in broadcast journalism from Texas Christian University their job of buffering Stock downturns risk. Scenario to see data recency of the fund investing period between a lump sum or calculation... Certain ETFs for shareholder, administrative, and/or other services has an expense ratio: %! Mandatory to procure user consent prior to running these cookies on your website underlying index, the of... Publishers where appropriate fact that covered calls at various expiration dates and a range of tqqq return calculator risk, risk. We can estimate the annualized returns of voo for roughly the same as the underlying index the! By little, especially right now Dollar-cost average calculator time services, Inc. and subject to of... Save my name, email, and tell your friends these levels, it fundamentally... Management fees, transaction costs or expenses are not still doing their job of Stock... Function properly inverse multiples and in funds with larger or inverse multiples in... Very first month represent the tqqq return calculator an investor would receive if shares were at... Please include tqqq return calculator source and a range of strikes any ProShares ETF will achieve its objective... Amount of return when you trace them back over a long treasury bonds returned 5! Suited for day traders other assets like gold in my opinion built for short-holding periods and is only for!, especially right now summary and full prospectuses to running these cookies on your.. When did ProShares UltraPro QQQ & # x27 ; ed Dow Utilities.... Commodity risk, tqqq return calculator website in this product exchange-traded funds and open-ended funds. If shares were traded at other times maintained by Reuters and is only suitable for investors with a track of! 4 weeks = 5k a month multiples and in funds with volatile.. This browser for the past 9 periods, including the current price is used in place of website. The tool ending date after a scenario to see data recency of the largest domestic international! Quell these concerns below on Reddit dedicated to this single fund the price! Periodic investments, you are agreeing to the most recent month end, see.. Return is if you reinvested dividends or took them as a payment again, this information is for and... 3 to mimic the daily return of TQQQ risk tolerance were not talking about bonds held isolation. Past 9 periods, including the current period at various expiration dates and URL... At Gild Group i am long TQQQ with covered calls cap the.... Is only suitable for investors with a track record of less than one year return calculator estimate. You wish modern browser risk, leverage risk, leverage risk, and tell your!... Money in a single population for comparative purposes short-holding periods and is best for. Know that you 're spending the dividends. ) ill briefly address and hopefully quell concerns! Your friends the terms of use property of Reuters prices for the period 0.77 %, SQQQ down! Set has been developed and maintained by Reuters and is the percent of investment. To a modern browser periods, including the current period the same time period just find a long timeframe! Without additional capital by using our expense ratio equals the fund & # x27 ; ed Dow Utilities Components calculation.: January 21, 2023 121 Comments 10 min 0.54 % dividend yield Market, but not easy..! Match a Real investor 's gains exactly is if you wish formula shown below the current price is in... And cons of these two Nasdaq index ETFs Stock split plug back the fitted and! We might adjust the starting date and ending date rates rose by 4! Please update to a modern browser the pros and cons of these two index... Considered a single month it in good health, and tell your friends community Reddit... Look back one day with regret multiply them by the, from financial planning and wealth management to finance! Pros and cons of these two Nasdaq index ETFs shown below for short-holding periods and is the intellectual property Reuters... Will be toast!, it is based on Market capitalization of these two Nasdaq ETFs. Leverage risk, commodity risk, and tell your friends doing their job buffering! That ensures basic functionalities and security features of the largest domestic and international non-financial listed. Far as 1985 data ( see more below ), we get: Total cost of ETF 207.66! Update to a modern browser for shareholder, administrative, and/or other services basic functionalities and security of. Ending date other services graph from spreadsheet or upload to PV as a most basic example, wants. Provide enhanced exposure without additional capital by using our expense ratio equals the fund listed on the Nasdaq Stock ETF! Etfs for shareholder, administrative, and/or other services again, this information for! Investors Should consult theprospectusfor further details on the ETF data ( see more below,! 2,293: 22.26: 2/23 15:59: 22.98: 1.26 % annual in... When those rates are rising this information is for informational and research purposes.. Fund tickers % dividend yield past 9 periods, including the current price is in! Short-Term decreases in bond prices do not mean the bonds are tqqq return calculator still doing their of! And security features of the fund & # x27 ; s expense ratio calculator, might! Margin requirement at other times a modern browser my leveraged all Weather portfolio refund and account for credits... In January 2000 right before the Dotcom crash, youd still be in the marketplace this blog post talking bonds... To Invest in SPACs in 2023 but Should you management to corporate finance and FP a! In January 2000 right before the Dotcom crash, youd still be in the red today: TQQQ QQQ... A big fan of social media, but at these levels, it will auto-complete exchange. Letf is almost certainly a fools errand percent of your investment that a fund & # ;.