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QQQ closed today at 414.65 ... 2 years and 5 months ago..the QQQ closed at 403..99 ..that is a 2.6 percent growth before dividends in the last 2 years and 5 months. Now I know you can cherry pick any starting point. But off the previous AH that's not as impressive as one might think. Dividends not added in.
I hear this argument a lot. And while true, measuring performance based off of the last all-time high is kind of pointless. Markets go up and down. Sometimes prolonged bear markets happen. We had a bubble in 2021 driven by zero interest rates. Interest rates are much higher now, so markets climbing back to only 2.6% higher than before is actually a decent accomplishment in my view. You also had 2 years to average in more money.
Measuring performance over 2 or 3 years means nothing. Performance over 10 years may mean something.
QQQ tracks the Nasdaq 100. You have to compare it to S&P 500. Some decades it may do better. Other decades it may do worse.
For all the hoopla maybe your total portfolio could have 3 or more funds.
Two or three years may be "nothing" if embedded in a 40-50 year investment history. But you see, our recent narrative has been a vigorously unbridled (and from some corners, unjustified) bull market - especially in tech. To review the data and to find very muted gains even in the superstar sector, punctures the bull-market narrative. It has been a tumultuous, volatile market... currently doing OK. It is cause neither for grief nor for elation.... and certainly not for "hoopla".
Meanwhile there are the small-caps stocks, down thoroughly from their high 3+ years ago.
QQQ closed today at 414.65 ... 2 years and 5 months ago..the QQQ closed at 403..99 ..that is a 2.6 percent growth before dividends in the last 2 years and 5 months. Now I know you can cherry pick any starting point. But off the previous AH that's not as impressive as one might think. Dividends not added in.
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