Investors will find many of the best growth stocks in the world on the Nasdaq exchange. An even more exclusive club is in the Nasdaq-100 index, which includes the largest nonfinancial stocks on the exchange.
The Invesco QQQ Trust (QQQ -1.26%) tracks the Nasdaq-100, and it’s a popular exchange-traded fund (ETF) for many growth-oriented investors. Below, I’ll go over how a $50,000 investment into this ETF might grow over the long haul, and whether it can get to $1 million by the time you retire.
QQQ Total Return Level data by YCharts
Can Invesco’s market-beating returns continue for decades?
As you can see from the chart above, the Invesco fund has been a solid, market-beating fund for not just years but decades, as it has outperformed the S&P 500 by a considerable margin.
While that looks great, investors should remember that past returns don’t predict future performance. It has been…
