If you have $1,000 to invest and are looking for a Nasdaq ETF to buy and hold forever, consider the following option.
One Nasdaq ETF that could be a good choice for long-term investing is the Invesco QQQ Trust (QQQ). This ETF tracks the performance of the Nasdaq-100 Index, which includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market.
The Invesco QQQ Trust has a solid track record of outperforming the broader market over the long term. It offers investors exposure to some of the most innovative and fastest-growing companies in the technology, consumer discretionary, and healthcare sectors.
By investing in the Invesco QQQ Trust, you can gain exposure to companies like Apple, Microsoft, Amazon, and Facebook, which have been driving the growth of the Nasdaq index in recent years.
Overall, the Invesco QQQ Trust could be a good choice for investors looking to build wealth over the long term. With a diversified portfolio of leading companies in high-growth industries, this ETF could be a solid addition to your investment portfolio. Consider investing $1,000 in the Invesco QQQ Trust and holding it for the long term to potentially benefit from the growth of the Nasdaq index.