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I want to invest in the ETF that tracks the performance of Nasdaq. I just came across with Powershares QQQ Trust , Series 1) , is this the QQQ that is well know for tracking the Nasdaq ? Am I looking at the right thing ? I just want the simple ETF that tracks the performance of Nasdaq. I dont want those high risk leveraged ETFs.
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Or anyone suggest better ETF choices that track the Nasdaq ?
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Chris
08 Aug 2021
Owner and Writer at Tortoisemoney.com
QQQ tracks the Nasdaq 100 index (top 100 companies in the NASDAQ less financials). If you're looking at QQQ, I'd propose QQQM instead. It is the same thing essentially but lower expense ratio and lower individual share price (which makes it easier to buy I guess).
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Like what Chris suggested, I would propose QQQM > QQQ. You can take a look at their portfolio, they hold very similar holdings just that the former has a lower ER of 0.15% vs 0.2%