2024-05-27 06:19:52 ET
Summary
- A year ago I wrote an article on the Invesco QQQ Trust ETF, explaining why I had sold the fund.
- Basically I found the NASDAQ-100 index to be overpriced.
- Ultimately I ended up being wrong about the fund's growth potential.
- The QQQ stocks regained their growth and many remain good buys. I hold Google stock to this day.
- In this article I explain why I upgraded my QQQ trading to buy.
Invesco’s QQQ Trust ( QQQ ) is an index fund composed of many NASDAQ-100 tech stocks. It excludes NASDAQ-listed financials, which makes it essentially the American tech index fund. I held QQQ for several years, but after rallying off the lows in a short span of time, I sold the fund in mid-2023, cashing out a 30% gain. I later sold all my Apple ( AAPL ) shares, too....
Read the full article on Seeking Alpha
For further details see:
QQQ: I Was Wrong (Rating Upgrade)