Cryptocurrency Q&A
What is a QQQ exchange-traded fund?
What is a QQQ exchange-traded fund?
Rosalia
Thu Aug 08 2024
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7 answers
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Could you please explain what an exchange-traded fund, specifically the QQQ, is? I'm curious about how it differs from other investment options and how it operates within the cryptocurrency and finance industry. Additionally, I'm interested in learning about its potential risks and benefits for investors.
7 answers
Alessandro
Fri Aug 09 2024
The late 1990s saw the rise of the dot-com bubble, a period of speculative investing in internet-based companies. During this time, the NASDAQ Composite index, which includes a broader range of companies listed on the NASDAQ, surged to new heights.
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CharmedVoyager
Fri Aug 09 2024
The QQQ exchange-traded fund (ETF) is a financial instrument that closely mirrors the performance of the NASDAQ-100 index. This index, first established in 1985, represents a select group of the largest and most influential companies listed on the NASDAQ stock exchange.
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Chiara
Fri Aug 09 2024
However, the bubble was not sustainable, and in the early 2000s, it burst. This led to a sharp decline in the NASDAQ Composite index, as well as many of the individual stocks that had been heavily hyped during the bubble.
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Giulia
Fri Aug 09 2024
Despite the collapse of the dot-com bubble, the NASDAQ-100 index has continued to be a popular choice for investors looking to gain exposure to the technology sector. The index's focus on large, established companies has helped it weather economic downturns and maintain its relevance in the financial markets.
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Dario
Fri Aug 09 2024
The NASDAQ-100 index is often considered a benchmark for the technology sector, as it includes many of the world's leading tech companies. These companies are chosen based on their market capitalization, which is a measure of their overall size and value.
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