If I had $1,000 to invest in a Nasdaq ETF, my top choice would be the Invesco QQQ Trust (QQQ). This ETF tracks the Nasdaq-100 Index, which is made up of the 100 largest non-financial companies listed on the Nasdaq Stock Market.
One of the reasons I would choose QQQ is its strong performance history. Over the past decade, QQQ has consistently outperformed the S&P 500, making it a solid choice for investors looking for growth opportunities in the tech sector.
Another reason I like QQQ is its diversification. By investing in QQQ, I would be gaining exposure to a wide range of tech companies, including industry giants like Apple, Amazon, Microsoft, and Facebook. This diversification helps mitigate risk and provides me with exposure to some of the most innovative companies in the market.
In addition, QQQ has a relatively low expense ratio compared to other ETFs, making it a cost-effective option for long-term investors. This means that more of my investment dollars are working for me, rather than being eaten up by fees.
Overall, if I had $1,000 to invest in a Nasdaq ETF, I would choose the Invesco QQQ Trust (QQQ) for its strong performance history, diversification, and cost-effectiveness.