Buy the Dip in QQQ as a Long-Term Opportunity

2 months ago

Speaker

"Now, look, maybe you're not picking individual stocks yet. That's awesome. But that's where ETFs like SPY and QQQ come in. It gives you a piece of these big companies, all 500 biggest companies, and QQQ gives you the biggest names in tech. These ETFs are like the basket of the strongest businesses, and when the markets drop, the entire basket goes on sale. These companies are still solid companies, but you're just paying a lower price to own them. What could be better? Let's say QQQ drop 50%. Does that mean Apple and Microsoft suddenly become bad companies? Of course not. And that's when long-term investors should get excited."

The speaker advocates for taking advantage of market dips by buying ETFs like QQQ. He emphasizes that even if QQQ falls significantly, the underlying quality of its constituent companies remains strong, making it an attractive long-term buying opportunity through strategies like dollar cost averaging and disciplined investing.

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