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Difference between TQQQ, VOO, SPY, etc?
I (27M) started investing a little before the GameStop craze during COVID. pocketed about 3k from it and have been throwing a couple bucks into my own personal brokerage account for fun and to learn more about trading for the last 7ish years.
Most of my investment money goes to my financial advisor who manages my Roth IRA (maxed out annually) and my other brokerage account (adding $500/mo), as well as my TSP (military 401K) where i automatically put 15% of my paycheck with a 5% match.
I’m curious about the difference between TQQQ, SPY, VOO, and other market ETF’s. I have 3 SPY and 40 TQQQ in my personal brokerage account that I manage. My personal account currently has \\\~13K in it, with about 40% being in ETF’s, the rest in individual stocks (mostly tech like NVIDIA, apple, Microsoft, but some diversification. I want to diversify away from an almost all tech portfolio as well).
I’m starting to invest more ($100/mo to \\\~$500ish/mo) into my personal account and want to educate myself more on the ETF’s.
My brother is a big investor and recommended i put money in TQQQ so i started doing that earlier this year, and have had SPY for a while. I see a lot of people talk about VOO as well. Do they all track the S&P500? If so, what makes them different from one another? I know that TQQQ IS 3x leveraged but don’t really understand what that means and how it is different than SPY. Any help would be appreciated!
#business
source
I (27M) started investing a little before the GameStop craze during COVID. pocketed about 3k from it and have been throwing a couple bucks into my own personal brokerage account for fun and to learn more about trading for the last 7ish years.
Most of my investment money goes to my financial advisor who manages my Roth IRA (maxed out annually) and my other brokerage account (adding $500/mo), as well as my TSP (military 401K) where i automatically put 15% of my paycheck with a 5% match.
I’m curious about the difference between TQQQ, SPY, VOO, and other market ETF’s. I have 3 SPY and 40 TQQQ in my personal brokerage account that I manage. My personal account currently has \\\~13K in it, with about 40% being in ETF’s, the rest in individual stocks (mostly tech like NVIDIA, apple, Microsoft, but some diversification. I want to diversify away from an almost all tech portfolio as well).
I’m starting to invest more ($100/mo to \\\~$500ish/mo) into my personal account and want to educate myself more on the ETF’s.
My brother is a big investor and recommended i put money in TQQQ so i started doing that earlier this year, and have had SPY for a while. I see a lot of people talk about VOO as well. Do they all track the S&P500? If so, what makes them different from one another? I know that TQQQ IS 3x leveraged but don’t really understand what that means and how it is different than SPY. Any help would be appreciated!
#business
source
| 2,000 mlx | |
| 3 | |
| 0 |