Posted 1/15/2024, 10:10:00 AM
Tech Rebound: Nasdaq Soars 43% in 2023, Poised for Further Gains from AI and Innovation
- The Nasdaq Composite rebounded 43% in 2023 and could continue rising due to AI and other tech innovations
- The S&P 500 is near a record high, signaling the start of a new bull market (historically returns 186% on average)
- The Fidelity Nasdaq Composite ETF tracks 1,000 tech and growth stocks well-positioned for future trends
- $300 invested monthly in this ETF could compound to over $900k in 30 years (assuming 12% annual returns)
- The ETF concentrates in volatile tech stocks but has hugely outperformed; great for risk-tolerant growth investors