Meet the Popular Index Fund That Could Turn $500 Per Month Into $1 Million by 2055

The Nasdaq-100 index is home to 100 of the largest non-financial companies listed on the Nasdaq stock exchange. It tends to maintain a very high exposure to companies in the technology and technology-adjacent industries, and it has delivered spectacular long-term returns thanks to powerful themes like the internet, cloud computing, enterprise software, and now, artificial intelligence (AI).The Invesco QQQ Trust (NASDAQ: QQQ) is an exchange-traded fund (ETF) that tracks the performance of the Nasdaq-100 by holding the same stocks, with similar weightings. Here's how it could turn an investment of $500 per month into $1 million by the year 2055 (but likely even sooner).Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool