Here is a great deal for anyone who wants to accumulate shares of the exchange traded fund QQQQ by dollar cost averaging. QQQQ can be bought without transaction fees of any kind through http://www.qqqdirect.com/.
The NASDAQ is sponsoring and subsidizing this arrangement. After opening an online account and choosing a payment option, QQQQ can be purchased automatically in amounts of as little as $25 per month.
QQQQ tracks the NASDAQ-100 Index, which is composed of 100 of NASDAQ’s largest non-financial companies based on their market capitalization. It is always among the top ten most actively traded stocks. With an expense ratio of only .20, QQQQ is also one of the cheapest funds to own.
Personally, I am in no hurry to buy QQQQ as long as it continues to lag the S&P 500. This ETF has a dividend yield of only 0.20%. But QQQQ is quite volatile, with a beta of 1.34, and the shares look a little pricey at 44.30. I will wait until they are on sale again.