$Invesco QQQ Trust(QQQ)$ QQQ is now at mid June low, lowest in the past 1 yr, year to date it has fallen almost 35% ... is it time to go in or will it go to Covid-19 low in March 2020?
A little background, Invesco QQQ is an exchange-traded fund that tracks the 100 largest non-financial companies listed on the Nasdaq based on market capitalisation. QQQ has huge tech exposure, 35% of its holdings are of Apple, Microsoft, Amazon, Tesla shares thus making it more volatile than other ETFs such as SPY which spread over 500 companies. While QQQ does have some dividends, I'll rather classify it as part of my capital growth strategy instead. Happy trading everyone and keep calm!
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