"What is the Qubes QQQQ ETF"

The Exchange Traded Fund ETF that is the most highly traded security in the world tracks the NASDAQ-100 index, and is called Qubes. Officially, it's NASDAQ-100 Index Tracking Stock. The ticker symbol used to be QQQ, but has been changed to QQQQ.

The Nasdaq itself stands for the National Association of Security Dealers Automated Quotation system. The NASDAQ-100 consists of the 100 largest stocks traded on the Nasdaq exchange. The sponsor of the NASDAQ-100 TrustSM is Nasdaq Global Funds, Inc. ("NGF"), a wholly owned subsidiary of The Nasdaq Stock Market, Inc.

QQQQ is a unit investment trust. The Bank of New York is the trustee. Creation units consist of 50,000 shares. The expense ratio of NASDAQ-100 Index Tracking Stock is 0.18%. Qubes themselves trade on the Nasdaq exchange. The trust has a 125 year term.

The companies covered by NASDAQ-100 Index Tracking Stock range from computer hardware and software to telecommunications to retail/wholesale, and biotechnology, but overall are heavy high-tech.

Here's the breakdown of the NASDAQ-100 QQQQ stocks by industry:

• Technology -- 55.19%
• Consumer Services -- 19.70%
• Health Care -- 13.58%
• Industrials -- 5.99%
• Consumer Goods -- 2.56%
• Telecommunications -- 2.40%
• Basic Materials -- 0.34%
• Oil & Gas -- 0.24%

As of February 28, 2007, the list of 10 largest stocks of the NASDAQ-100 were:

• Apple Computer, Inc.
• Microsoft Corporation
• QUALCOMM Incorporated
• Google Inc.
• Cisco Systems, Inc.
• Intel Corporation
• Comcast Corp.
• Oracle Corp.
• Amgen Inc.
• Ebay Inc.

These 10 QQQQ shares make up over 38% of the value of the QQQQ ETF. I was surprised to see Apple ahead of Microsoft. Of course, these rankings will shift with time.

For anyone who wishes to participate the tech revolution without buying stocks of all NASDAQ-100 companies, Qubes are an easy way to go. Their price and value will go up and down in almost perfect sync with the combined performance of those 100 companies. Many people trade the QQQQ.

Click to watch brief (30 second), exciting video on finding financial freedom through investing for income . . .

Now experience for yourself the joy of securing your retirement through income investing!

Want more income -- now or when you retire? Get your free eCourse:

Learn the Secrets of Investors Who Make Money in Both Bull and Bear Markets . . . Good Times and Bad!

Before the subprime mortgage mess makes stock market goes down more . . . before the stock market goes up, making dividend paying stocks more expensive . . . before the rising cost of gas, gold and food -- and the sinking U.S. dollar -- put the world into a recession . . . before retiring baby boomers start selling off their growth stocks . . . before you need investment income just to eat!

  

7 Reasons to Invest for Income -- NOW More Than Ever

Rick Stooker

• The greatest secret to income investing (Einstein called it "The most powerful force in the universe")

• What -- historically -- gives stock market investors 1/2 of their total returns (from 1929-1954; 1966-1981; and 1999-mid-2008 it was the ONLY way to make money from the stock market!)

• How to avoid suffering from accounting fraud. Automatically keeps you from throwing you money away on future Enrons, Tycos, and WorldComs

It's easy. Just enter your first name and email address into the form below.

(NOTE: I greatly respect your privacy. I will never sell, rent, share or give away your email address to anyone. There is no obligation. You can unsubscribe at any time. After you click the button, you'll be taken to a page to thank you.)

Or, you can subscribe to the 7 Reasons to Invest for Income Now More Than Ever RSS feed. Just click on the orange RSS feed icon below:

Disclaimer:

I am not a financial advisor. I am not a broker. I am not a financial planner.

I have no professional licenses.

I am a wide reader and an independent thinker and this site gives my opinions on the subject of income investing.

Nothing in this site is to be construed as professional advice.

I am not responsible for the results of your investment decisions.

Past results are no guarantee of future returns.

You must read, think over what I say, make your own investment decisions and take responsibility for your own life, including the results of your investment decisions.

Continuing to stay on this site implies your acceptance of these terms.

Income Investing Site Full Website Agreement

Fixed Income Investments

Growth Income Investments

Why Income Investing

Income Investing Concepts