Nasdaq Stock Market Correction: 2 Unique ETFs I'd Buy Right Now
The Nasdaq is officially in correction territory, with the Nasdaq-100 index about 13% below its recent high as of this writing. This has created some interesting opportunities for long-term investors, in terms of both individual stocks and exchange-traded funds (ETFs).Of course, the largest and most popular Nasdaq-100 ETF is the Invesco QQQ ETF (NASDAQ: QQQ), which simply tracks the index. And there's absolutely nothing wrong with buying it on the dip. But I have my eye on two unique Nasdaq ETFs right now that I like even better.There are two big reasons I don't own the Invesco QQQ ETF in my portfolio. One is concentration. Although there are 100 stocks in the Nasdaq-100 index it tracks, nearly half of the assets are concentrated in just nine companies. Simply put, if I wanted 9.7% of my money to be invested in Apple or about 8% in Microsoft, I would just buy shares of those stocks.Continue reading
The Nasdaq is officially in correction territory, with the Nasdaq-100 index about 13% below its recent high as of this writing. This has created some interesting opportunities for long-term investors, in terms of both individual stocks and exchange-traded funds (ETFs).
Of course, the largest and most popular Nasdaq-100 ETF is the Invesco QQQ ETF (NASDAQ: QQQ), which simply tracks the index. And there's absolutely nothing wrong with buying it on the dip. But I have my eye on two unique Nasdaq ETFs right now that I like even better.
There are two big reasons I don't own the Invesco QQQ ETF in my portfolio. One is concentration. Although there are 100 stocks in the Nasdaq-100 index it tracks, nearly half of the assets are concentrated in just nine companies. Simply put, if I wanted 9.7% of my money to be invested in Apple or about 8% in Microsoft, I would just buy shares of those stocks.
