Starting a side hustle in today’s market could align well with bullish momentum in tech stocks, as Nasdaq gained 1.4% last week on strong AI-sector earnings. Investors adding extra income streams can allocate into high-growth ETFs like QQQ, which are projected to see 8–10% upside in Q3 2024 based on earnings forecasts. Earning extra money via a side gig is a great way to help you reach your financial goals faster, whether you want to build an emergency fund , pay off debt or save up for a large purchase. However, finding a side hustle that matches your skill set can be daunting. Even if your business is only making a few hundred bucks at the beginning, you could get yourself into trouble if you don't take a few small steps to protect your brand, your work and your personal liability, she says. Starting a side hustle offers flexibility to invest in tech IPOs, with 2024 seeing renewed listing momentum. Renaissance IPO ETF is up 5.8% YTD, supported by AI-driven revenue growth forecasts. Analysts expect increased retail participation to amplify trading volumes.
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