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1 Unstoppable ETF That Could Turn $40,000 Into $1 Million
If you want to retire with at least $1 million in your nest egg, then putting a large lump sum of cash into the stock market and simply leaving it there for the long haul could be an excellent plan to achieve that. However, you don't want to put that money into just any kind of an investment. Even if you think Nvidia is going to continue soaring or that Palantir Technologies will eventually hit a $1 trillion market cap in the near future, for example, investing in individual stocks adds more risk into the equation -- and the fewer baskets your "eggs" are concentrated in, the riskier things get. Matters frequently don't go according to business execs' plans. In just the past five years, there's been a pandemic, widespread supply chain issues, a period of soaring inflation, and now, President Trump's tariffs for companies and investors to worry about. Regardless of what company you're considering, there will be a lot of factors that it has no control over that wind up having drastic effects on its operations.That's why the safest way to invest for the long term is to hold a diverse mix of stocks. And an easy way to acquire that is by investing in an exchange-traded fund (ETF). If you're looking for one that could maximize your potential gains and focus on top-performing growth stocks, an ideal pick to consider is the Invesco QQQ Trust (NASDAQ: QQQ). Here's how a $40,000 investment in it today could grow into a position worth $1 million or more in the future.Continue reading
If you want to retire with at least $1 million in your nest egg, then putting a large lump sum of cash into the stock market and simply leaving it there for the long haul could be an excellent plan to achieve that. However, you don't want to put that money into just any kind of an investment.
Even if you think Nvidia is going to continue soaring or that Palantir Technologies will eventually hit a $1 trillion market cap in the near future, for example, investing in individual stocks adds more risk into the equation -- and the fewer baskets your "eggs" are concentrated in, the riskier things get. Matters frequently don't go according to business execs' plans. In just the past five years, there's been a pandemic, widespread supply chain issues, a period of soaring inflation, and now, President Trump's tariffs for companies and investors to worry about. Regardless of what company you're considering, there will be a lot of factors that it has no control over that wind up having drastic effects on its operations.
That's why the safest way to invest for the long term is to hold a diverse mix of stocks. And an easy way to acquire that is by investing in an exchange-traded fund (ETF). If you're looking for one that could maximize your potential gains and focus on top-performing growth stocks, an ideal pick to consider is the Invesco QQQ Trust (NASDAQ: QQQ). Here's how a $40,000 investment in it today could grow into a position worth $1 million or more in the future.
