Long Slog
I bought the old QQQ sometime in 2000, after NASDAQ was well off its highs of 5,000 and was trading near 2,100 or 2,2oo. I thought I was getting a bargain with the index more than 50% off its highs - little did I know. I am finally close to breakeven with the NASDAQ near 2,700. (I did not know at the time the disparity between QQQ (now QQQQ) and the NASDAQ itself.) I have clients that I bought QQQQ for in the mid-to upper-$20s and $30s per share that have fared much better than I.