The Ultimate Growth ETF to Buy With $1,000 Right Now
Key PointsThe Invesco Nasdaq 100 ETF's portfolio includes 100 of the largest non-financial companies on the Nasdaq Stock Exchange.
Growth stocks can be an attractive investment opportunity due to their potential for high returns. However, the inherent risk is that this upside potential often comes with greater downside risk. That's why a growth ETF can be a smart investment choice, as it provides the upside potential of individual growth stocks without the added risks associated with investing in just one company.
There are many excellent growth ETFs to choose from, but not all are created equal. For those looking to invest $1,000 right now and seeking a growth ETF to add to their portfolio, the Invesco Nasdaq 100 ETF (NASDAQ: QQQM) is a strong consideration. While there are no guarantees in the stock market, investing in QQQM is unlikely to be a regret years down the road.
QQQM tracks the Nasdaq-100 index, which comprises the 100 largest non-financial stocks traded on the Nasdaq Stock Exchange. It represents a more recent iteration of the popular Invesco QQQ Trust ETF but with lower fees. Consequently, for new investors, QQQM appears to be the preferred choice.
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