If short-term capital gains taxes are the main concerns, perhaps this pseudo QQQ strategy can be done in a Roth IRA account using brokers that offer free commission?
The poster was mostly right, and I was mostly wrong, I don't like admitting that but that's just what it is.
I updated the skill I wrote to make it so that rebalancing is "buy-only", as in rebalancing will just buy shares for the underweight things instead of selling the overweight. I don't think buying is a taxable event so I don't think that's going to make me have an absurd tax burden then.
I will say that I think Maxatar was a bit misinformed about Interactive Brokers though; they've had PFOF/"commission-free" trading with their free Lite package for awhile. Of course you still pay the bid/ask spread, but if something is popular enough to be on the NASDAQ-100, the spread is usually on the order of a cent or two.
It was a creative use of AI to essentially fork your own version of QQQ, which is definitely interesting! It probably doesn’t work with a US based retail account but some Roth IRA account holders or expats in Hong Kong trading US stocks might appreciate your idea
I updated the skill I wrote to make it so that rebalancing is "buy-only", as in rebalancing will just buy shares for the underweight things instead of selling the overweight. I don't think buying is a taxable event so I don't think that's going to make me have an absurd tax burden then.
I will say that I think Maxatar was a bit misinformed about Interactive Brokers though; they've had PFOF/"commission-free" trading with their free Lite package for awhile. Of course you still pay the bid/ask spread, but if something is popular enough to be on the NASDAQ-100, the spread is usually on the order of a cent or two.