The Nasdaq Just Hit Correction Territory. Here's 1 ETF I'm Loading Up on Regardless.

Core Viewpoint - The Nasdaq Composite index is experiencing a correction, down over 9% year-to-date and over 13% from its December 16 high, indicating a potential opportunity for investors to acquire high-quality stocks and ETFs at more affordable prices [1][2]. Group 1: Nasdaq Composite and Correction - The Nasdaq Composite has entered correction territory, defined as a decline of 10% to 20% from recent highs, with a current drop of over 9% year-to-date and over 13% from its December 16 peak [1]. - Historical context shows that the Nasdaq-100 has faced notable corrections in the past 20 years, with declines of up to 54% during bear markets, yet it has outperformed both the Nasdaq Composite and S&P 500 over the same period [8][9]. Group 2: Investment Opportunities - The Invesco NASDAQ 100 ETF is highlighted as a favorable investment option during this correction, tracking the 100 largest non-financial stocks in the Nasdaq-100, providing a more focused exposure compared to the broader Nasdaq Composite [3][4]. - The Invesco NASDAQ 100 ETF has a lower expense ratio of 0.15% compared to the more popular Invesco QQQ Trust ETF, making it an attractive alternative for long-term investors [4]. Group 3: Sector Breakdown - The Invesco NASDAQ 100 ETF is heavily weighted towards the technology sector, which comprises 49.95% of the ETF, followed by communication services at 15.71% and consumer discretionary at 13.61% [5]. - Despite current challenges in the tech sector, its long-term potential remains significant, indicating that the sector will continue to play a major role in the economy [5]. Group 4: Investment Strategy - Dollar-cost averaging is recommended as a strategy to mitigate risks associated with market timing, allowing investors to consistently invest a set amount over time regardless of market conditions [10][12]. - The importance of maintaining an investment schedule is emphasized, as it helps avoid the pitfalls of trying to time the market based on price fluctuations [11][12].