So by excluding these financial companies, what would that mean? I mean, looking at the charts QQQ and SCHX perform nearly identically.
There's also SCHD which look like it has a bit more diverse portfolio in its holdings, also a better dividend yield %. Too many options!
I wasn't planning on betting on a specific sector, just presented a very select few that I followed for a bit. Also I'm not exactly planning on these ETFs for retirement, still a long time for that. Was looking for more of an opinion by those with more knowledge than me, I'm still a newbie regarding everything in finances.
What people are saying is that as far as retirement investment goes, your whole line of questioning here is starting from a faulty premise. Like, I have a bunch of questions about why this has even come up.
First, why would you need to 'make use of' the dip and buy a NEW etf? I'm assuming this means you already have some retirement investments in standard stuff so I don't really get why wouldn't you just put more cash in those.
Why would you buy SCHX when there are several good entire-market ETFs that the majority make use of?
Are you aware that GAMR going up 50% last year means precisely nothing?
Buying weed ETF when you already hold individual stock in the same sector, wot?
You say you're not planning on betting a specific sector but that seems pretty contrary to the evidence. The very act of buying any of these ETFs (I suppose excluding SCHX) means you're making a sector bet.
Like Tokkun said, if this is really just a side-investment thing for fun and potential gains (but also potential massive loss) I don't have a problem with it. I don't think anyone would recommend it for a retirement plan but if that's not what it's for then it's all good. But if that is the case I don't know how much help you'll get here. Our (relative) expertise is in selecting low-cost broad index funds for buy-and-hold strategies, taking advantage of tax shelters, using employer provided financial benefits, and setting yourself up for draw-down strategies in retirement.
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In other news, it's looking pretty likely that EA will convert me from temporary to permanent position. Looking forward to that sweet ESPP and RRSP matching. Those alone are worth thousands and thousands of dollars each year.
And uh, I guess $100 credit for EA games every year is nice?