If You'd Invested $1,000 in QQQ 20 Years Ago, Here's What You'd Have Today
Your investment would have grown substantially, but only if you exercised discipline and patience.
Overview
Twenty years ago, investing $1,000 in stocks might not have seemed like enough to make a big difference in your portfolio.
It turns out that the Invesco QQQ ETF (NASDAQ: QQQ) would have proven many people wrong.
Details
Over that time, this fund generated an average annual return of 16.6%, or more than 2,000% in total. That $1,000 would have grown into more than $21,000! And that's with not another penny being added along the way.
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.