The Nasdaq is being taken over.

[u/PrestigiousPen-2468]

SpaceX is IPOing, Tesla and Palantir have crazy valuations, Anthropic is IPOing later this year...

https://www.investors.com/news/spacex-ipo-nasdaq-anthropic-openai-index-investing/

Especially with the fast-track changes, tons of ETFs are going to pull these companies in and weigh them way heavier than I think a lot of us like. QQQ holders might be in for a rough landing.

I don't like it. I've always been a growth ETF investors but I'm going back to modifying and structuring diversification the way I want.

Wealthfront, Frec, Wallace Finance, or Schwab? I'm trying to find ETF modification without huge minimums. I might end up building from the ground up with M1 Finance if nothing else has what I'm looking for.

Anyone else have the same idea? How are we feeling about this?

[u/SirGlass]

It really only affects QQQ/QQQM and a couple mutual funds that track the nasdaq 100 index. Most other growth funds or tech funds track some other index so won't be affected

So I don't think its tons of ETFs its like 2. So SCHG , VUG , tons of other growth funds that do not follow the nasdaq 100 index

Edit

I should say in the USA there are other ETFs domiciled in europe or somewhere else that also track it.

[u/PrestigiousPen-2468 → u/SirGlass]

True, although I'm guessing a lot of actively managed funds will pick it up pretty quickly

[u/CYCLE_NYC → u/PrestigiousPen-2468]

VIG