No. of Recommendations: 2
I expect Berkshire to do better than the S&P, but then I'm predictable. This is the Berkshire board.Jim - What are your latest thoughts on RSP and QQQE?
Per the official RSP site, as of 6/30/24, trailing P/E = 17.99 and forward P/E = 16.45 which looks reasonable relative to SPY.
https://www.invesco.com/us/financial-products/etfs...For QQQE, the official Direxion site doesn't list P/E. Per Yahoo Finance, which I think is reliable, P/E = 30.79 for QQQE and 40.55 for QQQ.
https://www.direxion.com/product/nasdaq-100-equal-...In 2022 and 2023, you recommended buying QQQE when prices were much lower. That was an excellent call! Per your post below, you said "fair value is 68 and today's price of 70.56 is not cheap but reasonable". You also said "This sort of valuation exercise certainly won't have you putting your money into the S&P 500 these days, whether cap weight or equal weight."
https://www.shrewdm.com/MB?pid=108867080Well, that was then. Today QQQE sits at 90. Regarding RSP, I am not sure why you don't favor it. If trailing P/E = 17.99 and forward P/E = 16.45 is correct, isn't RSP reasonably valued? Thanks for your time and expertise which you very generously share!
