Could Investing $100 a Month Into the Nasdaq-100 Be Your Ticket to Becoming a Millionaire?
The Nasdaq-100 offers investors a great way to gain exposure to high-profile growth stocks.
Investing in growth stocks can be a great way to generate outsize gains and bolster your portfolio. However, one of the more daunting aspects of investing is choosing individual stocks and figuring out when to cash out your positions. One way to mitigate these dynamics is through index funds, which provide a passive way to generate wealth through steady contributions and a long-run investment horizon.
Let's explore why the Invesco QQQ Trust (NASDAQ: QQQ) is a standout performer and assess how a starting point of just $100 can help you become a millionaire.
The Invesco QQQ ETF is an index fund that tracks the performance of the Nasdaq-100. The Nasdaq is a tech-heavy index, and so investing in the Nasdaq-100 gives you a number of high-profile companies, including Palantir Technologies, Broadcom, Adobe, CrowdStrike, Meta Platforms, Alphabet, Microsoft, Netflix, and many more.
