Before You Buy the Invesco QQQ ETF, Here Are 3 Others I'd Buy First
If you want a quick, easy way to invest in the high-flying tech stocks found in the Nasdaq-100 index, one of the most popular ETFs you could buy is the Invesco QQQ Trust ETF (NASDAQ: QQQ).
The fund tracks the performance of the Nasdaq-100, which consists of the largest nonfinancial companies listed on the Nasdaq Stock Exchange. The vast majority of the most heavily weighted companies in the index are familiar tech names that have driven overall market returns for the past year and a half. Technology stocks account for nearly 60% of QQQ's holdings.
The strong track record for Invesco's QQQ Trust is undeniable. But investors just getting into the market may have several better opportunities. Here are three ETFs I'd buy before adding QQQ to my portfolio.
Source Fool.com