QQQ - 3 Things You Need to Know If You Buy the ProShares Ultra QQQ ETF Today
2024-05-18 11:39:00 ET
Many investors don't try to hand-pick market-beating stocks. With index investing, you can benefit from the wealth-building long-term trends of the stock market with a single ticker. Many will settle for the broad S&P 500 (SNPINDEX: ^GSPC) index, tracked by the efficient Vanguard S&P 500 ETF (NYSEMKT: VOO) and SPDR S&P 500 ETF Trust (NYSEMKT: SPY) exchange-traded funds (ETFs).
That's a robust strategy, mirroring the strategy of investing genius Jack Bogle and recommended in The Fool's primer for beginning investors . Given a few decades of value-building patience, you're almost guaranteed to make a lot of money this way.
But some investors want a little more, and place a heavier bet on the growth opportunity of the tech sector. In that case, the Invesco QQQ Trust (NASDAQ: QQQ) mirrors the gains or losses of the tech-heavy Nasdaq-100 index. It's a higher-risk, higher-reward idea , tracking a smaller basket of more volatile stocks.
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3 Things You Need to Know If You Buy the ProShares Ultra QQQ ETF Today