Could Investing $100 a Month Into the Nasdaq-100 Be Your Ticket to Becoming a Millionaire?

Core Insights - The Invesco QQQ Trust provides investors with exposure to high-profile growth stocks, particularly in the technology sector, allowing for passive investment strategies [1][3] - The fund has shown significant long-term performance, with a total return of approximately 1,000% since inception, outperforming the S&P 500 [7][9] - A starting investment of $100 with a 15% annual return can potentially grow to over $1 million over several decades, emphasizing the importance of long-term investment strategies [10][11] Investment Characteristics - The Invesco QQQ ETF tracks the Nasdaq-100, which includes major companies like Microsoft, Alphabet, and Meta Platforms, providing diversified exposure across various sectors [3][4] - The expense ratio of the Invesco QQQ is low at 0.20%, making it a cost-effective option for investors [6] - The diversified nature of the Nasdaq-100 helps mitigate risks associated with individual stock volatility, making it a more stable growth investment [5] Performance Analysis - The Invesco QQQ has consistently rebounded after economic recessions, showcasing the resilience of the companies within the index [7] - Recent performance has been bolstered by significant gains in megacap technology stocks, particularly due to advancements in artificial intelligence [9] - The long-term outlook remains optimistic, with expectations that the Nasdaq-100 will continue to outperform the S&P 500 [9]