I am sure there are some very happy people in the larger firms due to this news.
Will be waiting for the notice to say that 70% of users lose money to now 90% of users lose money.
Obviously how much the average user will profit / compile debt from this change is a lot more variable.
I didn't like the relatively high fees for QQQ, and I realized that Invesco releases the weights for QQQ for free. I also think Tesla is too overvalued, and I want to avoid the SpaceX IPO. With the Interactive Brokers MCP, I just feed it the CSV of QQQ's weights, tell it to remove and redistribute Tesla, and then I tell it to buy "$1000 of pseudo-QQQ", in the form of raw stocks.
Doing this, I still basically get the same exposure as QQQ, without any fees.
AmbroseBierce•30m ago
ionwake•28m ago