Comment by bagacrap
5 days ago
To be fair, QQQ is not really an index fund. Unless you think that I can make up whatever arbitrary list of stocks I feel like, and call it an index, and create an ETF that tracks it, and still call that an index fund.
Vanguard is probably the most principled when it comes to passive index tracking, and they do not have an ETF that tracks the NASDAQ 100 (or any fund that focuses on a single stock exchange for some inexplicable reason).
>Unless you think that I can make up whatever arbitrary list of stocks I feel like, and call it an index, and create an ETF that tracks it, and still call that an index fund.
Yes, you can. Whether or not the index makes sense for whatever one's investing goals may be is irrelevant.
Then what does "index" even mean? Is Cathy Woods an index?
In this context, I would take any list of rules that dictates buying securities to be an index.
For example, a fund buys an equal number of shares of every publicly listed company.
Or a fund buys securities that trade with a ticker symbol starting with the letter C.
Based on that definition, one could refer to a Cathie Wood index fund to be composed of whatever she decides to buy and a bagacrap index fund to be composed of whatever bagacrap chooses to buy.
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