5 ETFs To Buy With $1,000 In October

"You do not need to wait to have a large amount to begin with; starting with $1,000 and adding some amount each month can build a strong portfolio. Investing in exchange-traded funds (ETFs) can be a smart strategy. It will give you a collection of companies at a low cost. Thus, you can ride the wave without having to pick individual stocks. Here are five ETFs to buy with $1,000 this month."

"The Invesco QQQ Trust ( NASDAQ: QQQ) is one of the most reliable ETFs. The fund tracks the Nasdaq 100 index and holds the 100 largest U.S. companies. It is a tech-heavy fund with over 50% allocation in the sector. This is why it has performed dramatically well over the last decade and generated an average annual return of 20.3%. Its expense ratio is 0.20% and the fund has beaten the S&P 500 on a 12-month rolling basis."

The S&P 500 recently reached a new record after stocks completed their best third quarter since 2020. Investors are encouraged to begin investing as early as possible and to continue contributing regularly rather than waiting for market dips. Starting with $1,000 and adding monthly contributions can build a strong long-term portfolio. Exchange-traded funds (ETFs) provide diversified exposure to collections of companies at low cost and reduce the need to pick individual stocks. The Invesco QQQ Trust tracks the Nasdaq-100, is technology-heavy with roughly half its allocation in tech, and has a 0.20% expense ratio. The Vanguard Growth ETF is presented as another option.

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