This ETF Is Down 7% From Its High. History Says Now Is a Smart Time to Invest.
Yahoo Finance ·
Although the Invesco Nasdaq 100 ETF ( QQQM -1.16% ) has had a good year so far, up 12.7% year to date through July 23, the past month or so hasn't been the best, with it down over 7% from its June high. This is far from the time to ring the alarm, but the lull period could be a good time to invest. Admittedly, a 7% drop isn't much, but a 7% "discount" is always better than no discount. If you're looking for an exchange-traded fund that can be a portfolio staple (especially with tech stocks ), QQQM is a great choice to consider right now. There are two key reasons why now is a good time to invest in QQQM. The first is that you don't want to find yourself trying to time the market and holding off, expecting it to fall further. It could rise while you expect a drop and cause you to miss out on gains. As the investing adage goes: Time in the market beats timing the market. The second is that despite any rough patch that the Nasdaq-100 has hit (QQQM has only been around since October 2020), it has continued to produce good long-term numbers. Could this time be different? Absolutely. Past results don't guarantee future performance, but history is on QQQM's side.
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