Previous close | 0.9400 |
Open | 0.8400 |
Bid | 0.8100 |
Ask | 0.8400 |
Strike | 245.00 |
Expiry date | 2024-06-21 |
Day's range | 0.8100 - 0.8400 |
Contract range | N/A |
Volume | |
Open interest | 5.27k |
Picking stocks capable of outperforming the broader markets consistently is a tremendously difficult task. A recent study, for example, showed that only 2.39% of stocks are responsible for literally all of the gains of the global equity markets over the past 30 years. This unfavorable dynamic is the core reason why super investors like Warren Buffett, George Soros, and Peter Lynch, who have dramatically outperformed the S&P 500 index over their careers, are revered on Wall Street and Main Street alike.
It's rare for an exchange-traded fund (ETF) to move by double digits in a single month, but that's exactly what happened with the Invesco QQQ Trust (NASDAQ: QQQ) in November. Much of the ETF is made up of the "Magnificent Seven" stocks: Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms, and Tesla. For November, the Invesco QQQ Trust finished up 11%, according to data from S&P Global Market Intelligence.
Investing in exchange-traded funds (ETFs) makes sense for almost any investor. Buying ETFs is the easiest way to put together a diversified portfolio of stocks without having to do the hard work of managing them yourself.