PowerShares QQQ (NasdaqGM: QQQ)
Annual Fee: 0.2%
Comment: Given it is substantial weights to the technology (almost 60%) and consumer discretionary (17.3%) sectors, QQQ may not be considered an overweight position for retirement portfolios. However, the leverage the NASDAQ-100 tracking ETF offers to growth stocks, the ETF also features a 15.4% health care allocation of which most is in biotechnology stocks, is ideal for young investors with lengthy time horizons.
Don’t forget tech’s rise as a credible dividend sector. QQQ’s current trailing 12-month dividend yield is about 50 basis points higher than where it was at the top of the tech bubble. [Like a Teenager, QQQ Goes Through Change, but for the Better]