This ETF Is Down 7% From Its High. History Says Now Is a Smart Time to Invest.
It's hard to go against its long-term resilience and return potential.
Overview
Although the Invesco Nasdaq 100 ETF (NASDAQ: QQQM) has had a good year so far, up 12.7% year to date through July 23, the past month or so hasn't been the best, with it down over 7% from its June high. This is far from the time to ring the alarm, but the lull period could be a good time to invest.
Admittedly, a 7% drop isn't much, but a 7% "discount" is always better than no discount. If you're looking for an exchange-traded fund that can be a portfolio staple (especially with tech stocks), QQQM is a great choice to consider right now.
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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.