Nasdaq Rebounds Over 40% in 2023, Fueling New Tech Bull Market and Potentially Lucrative Returns for Patient Investors
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The Nasdaq rebounded 43% in 2023 after dropping 33% in 2022, fueled by AI and tech innovation. It has historically outperformed the S&P 500.
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The S&P 500 is near record highs, signaling a new bull market. Past bull markets have seen 186% average returns.
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The Fidelity Nasdaq Composite ETF tracks 1,000 tech and growth stocks. $300 invested monthly could compound to over $900k in 30 years (assuming 12% annual returns).
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The Fidelity ETF has top 10 holdings like Apple, Microsoft, Amazon, etc. It soared 1,000% over 15 years (17.3% annualized).
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The index fund is volatile but should outperform in a bull market. It's a great option for risk-tolerant, long-term investors comfortable with some turbulence.