This ETF Has More Than Doubled the S&P 500's Returns Over the Past Decade. Is It a Buy for the Next Decade?
It may not duplicate those impressive results, but it has all the tools it needs.
This ETF Has More Than Doubled the S&P 500's Returns Over the Past Decade. Is It a Buy for the Next Decade?
Overview
Any time an investment can outperform the S&P 500 (SNPINDEX: ^GSPC), it's considered a victory. The S&P 500 is the benchmark for most investors, and many Wall Street companies and experts have trouble consistently outperforming it, despite all the resources you can imagine.
One exchange-traded fund (ETF) that has historically beaten the S&P 500 is the Invesco QQQ Trust ETF (NASDAQ: QQQ), which tracks the Nasdaq-100. Over the past decade, QQQ is up 570% compared to the S&P 500's 255% (as of June 23). Both returns are impressive for broad ETFs, but QQQ has been in the upper echelon of ETFs in recent years.
Details
Given its performance over the past decade, is now a good time to jump on the train for the next decade? I believe so.
Source
Originally published at www.fool.com.
