I will be coming into roughly 500K to deploy from a pending real estate sale.
I would like to use this money to augment cash flow in the next 2-5 years and am looking at either QQQI or VOO to do this. Seems like most would say VOO for growth. Looking at the VOO chart it seems the investment doubles every 5-7 years. However, in looking at QQQI and and crunching the numbers on a compound interest calculator, if I invest all of the money in QQQI and drip the investment for 5 years, my investment would be worth roughly $992,000.
Seems QQQI might better as an investment vehicle as it would also double in 5 years and already be producing the income I initially want it for. Whereas VOO would take slightly longer then 5 years to double, and a conversion from the growth vehicle to the investment vehicle would trigger a taxable event.
What am I missing here? Is there any other reason why would VOO be superior to QQQI in this situation?