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This AI-Heavy ETF Has Already Turned $10,000 Into $1.8 Million. Is It a Buy?

Early investors in this tech-focused fund have made tons of money. Is it still a good long-term investment?

By Matt Frankel, CFP – Jul 6, 2024 at 10:18AM EST

The ProShares Ultra QQQ ETF (TQQQ +4.19%) has only been around for about 14 years, but it has already been a millionaire-making ETF. In fact, a $10,000 investment in 2010 would be worth more than $1.8 million today. Here's how it has done so well, and what investors need to know before buying shares today.

*Stock prices used were the morning prices of July 2, 2024. The video was published on July 3, 2024.

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About the Author

Matt Frankel, CFP
Matt Frankel, CFP, is a contributing Motley Fool stock market analyst specializing in the real estate and financial sectors. Prior to The Motley Fool, Matt taught high school and college mathematics. He holds a bachelor’s degree in physics from the University of South Carolina, a master’s degree in mathematics from Nova Southeastern University, and a graduate certificate in financial planning from Florida State University. He won a SABEW award for coverage of the 2017 Tax Cuts and Jobs Act. He is also regularly interviewed by Cheddar, Globe St, The National Desk, and other TV networks and publications for his real estate, financial, stock market, and investing expertise.
TMFMattFrankel
X@MattFrankelCFP

Matt Frankel has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

ProShares Trust - ProShares UltraPro Qqq Stock Quote
ProShares Trust - ProShares UltraPro Qqq
NASDAQ: TQQQ
$55.65
(+4.19%)+$2.24

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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