Core Viewpoint - The Defiance Nasdaq 100 Target 30 Income ETF (NASDAQ: QQQY) is described as a disaster due to significant price erosion leading to a 1-for-3 reverse stock split within less than a year of its launch [1]. Group 1 - The ETF was launched in September 2023 and faced steady price erosion by August 2024 [1]. - The reverse stock split indicates a drastic measure taken to manage the declining price of the ETF [1]. - The author emphasizes a long-term investment approach focusing on macro ideas through low-risk ETFs and CEFs [1].