Today, March 8th, I am opening a brokerage account and have decided on a couple of options to invest in. The first option is the QQQ Index Fund ($439.02) which is an ETF (exchange-traded fund) that tracks the Nasdaq 100 Index. An index fund is an investment fund - either a mutual fund or an exchange-traded fund - that is based on a preset basket of stocks, or index (Royal). This particular investment provides a range of technology stocks and a variety of companies all in one fund. It offers a higher range of performance and is easier to trust than an individual stock. In addition to index funds, it is best to look at individual stocks that are "upcoming" or that you believe will become more popular in the time you will invest. You may also look at stocks that show an upward trend in the coming months and years. "Look at what's around you," my outside advisor mentioned. In response to this statement, I have decided I also may invest in Fujifilm (FUJIY-$66.70), Gen Digital (GEN-$22.07), Spotify (SPOT-$259.40), or other stocks I find in the coming weeks depending on what trends other stocks or funds show.
Every Friday, I will update the trends and the current situation of my investments throughout the next couple of months on this blog. Stay tuned for the next couple of blog posts!
Royal , James. “Best Index Funds in March 2024.” Bankrate, 1 Mar. 2024, www.bankrate.com/investing/best-index-funds/.
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