Before you decide to invest in the Invesco QQQ ETF, consider these three other options first.
1. Vanguard Total Stock Market ETF (VTI): This ETF offers diversification across the entire U.S. stock market, providing exposure to a wide range of companies. With a low expense ratio and a solid track record, VTI is a great choice for long-term investors looking for stability and growth.
2. SPDR S&P 500 ETF Trust (SPY): This ETF tracks the performance of the S&P 500 index, which includes the largest and most well-established companies in the U.S. market. With low fees and high liquidity, SPY is a popular choice for investors seeking broad exposure to the U.S. stock market.
3. iShares Russell 2000 ETF (IWM): For investors looking to add small-cap stocks to their portfolio, IWM is a good option. This ETF tracks the performance of the Russell 2000 index, which includes small-cap companies that have the potential for high growth. With a focus on smaller companies, IWM can provide diversification and potential for outsized returns.
Before you make any investment decisions, it’s important to do your own research and consider your own financial goals and risk tolerance. These three ETFs offer different investment opportunities, so be sure to choose the one that aligns best with your investment strategy.