Quote:
Originally Posted by Patriam1066
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Index funds aren’t on Biden’s time scale. They are for the purpose of building wealth, not getting rich. The difference is happy children vs chains and “grills” and big rims
Kinda saddens me you missed the point on that one
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No, you're missing the point. NDX, and the market on the whole (VTI) are considerably outpacing it's annual CAGR. There's nothing particularly spectacular about the market this year for it to be increasing at the rate that it has thus far; essentially returning an entire year's gains in the first 2 fiscal quarters. This is the kind of "run-up" typically associated with a market correction.
Couple this with the fact that NDX (which QQQ aims to emulate) is only the "top" 100 of the 3300+ companies within the nasdaq index, which is underperforming NDX and you can expect to see a short term shift in value stocks, as well as a commodity industry which has been shit on for years while big-tech has led the race devaluing commodies' true market share.
If June 2021 were every month 2021, this would be the largest run-up in the nasdaq since 1999 which was followied by the dot com crash.
0.062/ the natural logarithm of 2 = 0.683 = 11 months to double. 1999 only had a cagr of 88%