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History Says Investing $400 per Month in This ETF Could Set You Up for Life. Here's How.
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The Motley Fool
The Invesco QQQ ETF (QQQ -0.12%) tracks the Nasdaq-100 index and was launched in March 1999.
Since its launch (including the dot-com crash), the Invesco QQQ ETF has returned more than 10% per year.
While the artificial intelligence (AI) trade has driven fund returns over the past few years, broader technological innovation has been driving them for 27 years.
If we assume that the Invesco QQQ ETF can earn its historical average of 10.6% annually, a consistent monthly investment of $400 would compound to approximately $1.03 million.
The Invesco QQQ ETF is one of the better growth ETFs on the market.