History Says Investing $400 per Month in This ETF Could Set You Up for Life. Here's How.
Investing in the Invesco QQQ ETF could put you on the path to a $1 million portfolio, if you can ride out the volatility.
Overview
The Invesco QQQ ETF (NASDAQ: QQQ) tracks the Nasdaq-100 index and was launched in March 1999. That was a year before the dot-com bubble burst, which dragged the fund down by more than 80% over the two years that followed. The decline took nearly five full years to recover from.
Since its launch (including the dot-com crash), the Invesco QQQ ETF has returned more than 10% per year. If you were to invest $400 a month for 30 years and earn similar average annual returns, your portfolio would be worth more than $1 million.
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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.