2023 Feb - Invesco QQQ

Invesco QQQ is a popular exchange-traded fund (ETF) that invests in the largest non-financial technology companies listed on the NASDAQ. It offers investors a convenient way to diversify their portfolio in the fast-growing technology sector, with a focus on companies like Apple, Amazon, and Microsoft. The fund is passively managed, meaning it is designed to replicate the performance of the NASDAQ-100 Index, and therefore has lower fees and expenses compared to actively managed funds.

However, there are also potential downsides to consider when investing in QQQ. The fund is heavily concentrated in the technology sector, so it may be more volatile than a diversified portfolio during market downturns in the tech sector. Additionally, its performance is largely dependent on the performance of a few large companies, such as Apple and Amazon, which could increase the risk and volatility of the fund. QQQ offers exposure to the technology sector, providing investors with a convienient way to invest in multiple high-growth tech companies. As a passively managed fund, QQQ has lower fees and expenses compared to other funds and ETF's. However, there are downsides to this asset. The funds heavy focus on the tech sector makes it more susceptible to downwards pressure. The ETF is heavily dependent on the performance of a few large tech companies which increases the fund's volatility and risk. Regardless of those cons I think this ETF is great to include in the portfolio. Eventhough we have a lot of tech companies, also some included in this ETF. We add this asset to the portfolio to lower the risk score. If we do need to close positions for whatever reason we can still profit from the growth of the tech sector with this ETF