QQQ Vs. STK: Why This Tech Income Fund Offers A More Balanced Path Forward
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Brett Ashcroft Green9.68K FollowersFollow5ShareSavePlay(14min)CommentsSummaryThe Columbia Seligman Premium Technology Growth Fund (STK) has outperformed other tech-heavy growth funds, including QQQ, in the recent bull run post-2013.STK offers a higher technology and communications sector weighting (76.91%) than QQQ, with concentrated bets like Bloom Energy driving recent outperformance.As a closed-end fund, STK trades at a -2.89% discount to NAV, yields 4.05% in quarterly distributions, and carries a 1.13% expense ratio.Manager tenure and succession risk are notable, as STK's strong performance is closely tied to Paul Wick’s multi-decade active management. Richard Drury/DigitalVision via Getty Images Tech has been a winning bet the past two decades The mantra of just putting your money in an S&P 500 index fund, like The Vanguard 500 Index Fund ETF (VOO), has recentlyThis article was written byBrett Ashcroft Green9.68K FollowersFollowBrett Ashcroft-Green, CFP® is a CERTIFIED FINANCIAL PLANNER™ professional and fee-only fiduciary. He is the owner and lead advisor at Ashcroft Green Advisors.Brett writes on Seeking Alpha about retirement planning, portfolio construction, and the analysis of undervalued blue-chip stocks.He has extensive experience working with high-net-worth and ultra-high-net-worth families, with a background in private credit and commercial real estate mezzanine financing as a business director for a large family office. His professional experience spans the United States and Asia, including several years living and working in China.Brett is fluent in Mandarin Chinese in both business and legal settings and previously served as a court interpreter. Over the course of his career, he has collaborated with leading commercial real estate developers including The Witkoff Group, Kushner Companies, The Durst Organization, and Fortress Investment Group.Analyst’s Disclosure: I/we have a beneficial long position in the shares of QQQ, STK, VOO, SPY, SCHG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Disclaimer: The information in this article is intended for general informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. The views expressed are solely those of the author, based on independent research, analysis, and professional experience. Although the author is a CERTIFIED FINANCIAL PLANNER™ (CFP®) and owner of Ashcroft Green Advisors, a fee-only registered investment advisory firm, the content may not be suitable for your individual financial situation, objectives, or risk tolerance. Readers should consult with a qualified financial professional before making any decisions based on this material. The author and/or clients of Ashcroft Green Advisors may hold positions in securities discussed in this article.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.