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Anonymous
Hello! Would like some advice and inputs regarding my ETF choices!
I’m looking to start my ETF journey using FSMOne, planning on buying and holding for the long run with a high risk tolerance. (FSMOne for convenience as I already have holdings there). Would VOO or QQQ be a better choice for the US market? And would CQQQ or KWEB be a better choice for the China Market? Any advice would be greatly appreciated!
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thefrugalstudent
11 Feb 2021
Founder at thefrugalstudent.com
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Hi Anon,
Between VOO and QQQ, there are a few things you should consider.
If you are more into growth, are bullish on US tech stocks and expect them to fuel most of the growth in the US market, then QQQ would be the better choice.
But if you are more into value, you may feel that many US tech stocks are overvalued, and in that case you may prefer VOO (although the S&P 500 is also relatively overvalued now).
In addition, since QQQ is tech heavy, do note that it brings less diversification than VOO and is not as representative of the US market. So you need to consider if this is something you're comfortable with as well.
They're both great ETFs, it's just more a matter of your preferences/investment philosophy.
All the best and happy cny!
Regards,
thefrugalstudent