alt Hacker NewsI have thought about this but snag on rebalancing, because it would create a taxable event, or be drawn out over months/years.
Although maybe a bit spicier, VGT is half the cost of QQQ, so that is what my "NASDAQ" has been. I also blend in VTI to cut the volatility a bit, which is 1/3 the cost of VGT.
I'm doing the same strategy for rebalancing that QQQ does, and I figure that the headache of tax time is a "Tom in 11 months from now"'s problem :)
Some tax software nowadays will allow you to simply upload the tax documents with all the transactions and it will tabulate everything for you, so I don't think it will be too hard for me.
I'll admit that there's primarily just kind of a coolness factor to be able to say that I ripped off and copied QQQ without any fees, but I do genuinely like the idea that I can avoid companies that I think are terrible in the process.