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I realize I might have been mixing up QQQ with ultra pro QQQ… anyway, yeah, you can replicate QQQ. I was thinking of Ultra Pro QQQ.

• tombert 4mo ago
  I mean, even still, my point stays the same; if you have access to their strategies, I don't see why you can't just get the MCP to directly mimic that.
  • klodolph 4mo ago
    Because it is not possible for you (personally) to buy the underlying components of leveraged ETFs.
    • tombert 4mo ago
      Yeah, actually I think I was getting confused on some of the terminology. It looks like you're right. Still, as you said, just mimicking regular QQQ is achievable.
      • klodolph 4mo ago
        It’s achievable. It’s called “direct indexing”, and there are some extra costs associated with it, so for most investors, I think it is cheaper to get QQQ. You can flip that around with tax loss harvesting but I don’t understand that strategy and I can’t explain it. You also don’t need AI to do this. Before AI, the main barrier to direct indexing was the amount of capital you need. That is still true.
        • tombert 4mo ago
          I have enough capital to where I can do everything with the incremental share threshold of Interactive Brokers; as such I don't have to deal with the fees associated with normal direct indexing.
          • klodolph 4mo ago
            Sure, but I wasn’t thinking of the brokerage fees. Things like the spread.