Invesco Nasdaq 100 ETF: A Better Buy Than QQQ
Summary
QQQM offers a lower expense ratio and superior tax efficiency compared to QQQ, making it a compelling long-term investme...
QQQM offers a lower expense ratio and superior tax efficiency compared to QQQ, making it a compelling long-term investment option. The ETF is heavily concentrated in top tech stocks, with the top 10 holdings representing 52% of the portfolio, increasing concentration risk. I rate QQQM a buy for long-term investors, but caution those with short time horizons to allocate conservatively due to valuation and concentration risks.