Talk Your Book: The Mount Rushmore of ETFs

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 18 March 2024

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today's show, Ben Carlson and Michael Batnick are joined by Ryan McCormack, Factor and Core Equity Strategist and Paul Schroeder, QQQ Equity Product Strategist at Invesco to discuss: the creation of the Nasdaq 100, where the QQQ ticker comes from, the Nasdaq 100 special rebalance in 2023, and much more! Find complete show notes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Feel free to shoot us an email at [email protected] with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Past performance is not indicative of future results. The material discussed has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's Animal Spirits Talk Your Book is brought to you by Invesco QQ.
0:04.1	GoodwinVesco.com to learn more about the Nasdaq 100 EDF, which we're
0:07.5	we talk about on the show today. Investco.com.
0:09.7	Welcome to Animal Spirits, a show about markets, life and investing.
0:16.5	Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, and watching.
0:21.6	All opinions expressed by Michael and Ben
0:23.8	are solely their own opinion
0:25.3	and do not reflect the opinion of Riddholz Wealth Management.
0:28.3	This podcast is for informational purposes only
0:30.7	and should not be relied upon for any investment decisions.
0:34.0	Clients of Britholz wealth management may maintain positions in the securities discussed in this
0:38.0	podcast.
0:39.0	Welcome to Animal Spirits with Michael and Ben.
0:44.3	Michael, I did some research for today's show.
0:46.4	We're talking about the QQQ, the cues.
0:49.6	And you know, I asked why it was called the QQQ andew and you said because NASDAQ and didn't even
0:54.0	realize didn't even come to me that the Q and NASDAQ. It's got to be no. Yes.
0:58.2	So okay so we all know it's been on such a great run the the NASDAQ 100 for the past 10, 15 years or so.
1:05.0	Listen to this, so this fund in sept it in like early 1999.
1:09.0	So it had a ramp up when it first came out, right, for about a year probably, then 80% drawdown.
1:15.1	So from inception early 1999 through 2011, the total return for the NASDAQ 100 ETF was 14%, like 1% annually.
1:23.7	Basically, for almost a decade and a half
	...

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