History Says a $10,000 Investment in the QQQ Will Be Worth $66,000 in 10 Years
Investors that bought this booming exchange-traded fund a decade ago and held on have benefited from the success of the technology sector.
Overview
The purest way to play the stock market is to buy individual stocks. However, investing in exchange-traded funds (ETFs) is a fantastic way for investors to gain exposure to specific indices, sectors, or trends. And it's hard to find a better option in the market than the Invesco QQQ Trust (NASDAQ: QQQ).
This is a tech-heavy ETF that has been a huge winner in the past decade. And if history is any indication, the QQQ will grow a $10,000 starting sum into $66,000 in 10 years. Here's what investors should know about the bull and bear cases.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.