Where is a good place to put my money? I hear people saying. What is a good investment strategy? Usually, I would suggest a good index fund or index fund ETF. Where to start, and which one to choose? Look no further than SPY vs VOO if you want to get started. These are two of the best ETFs to choose from. The good thing is that you cannot wrong with choosing either so if you’re lucky to have some money to invest, this story is a great start.
An ETF is an Exchange-traded fund. It works like a mutual fund but is traded on the open market like a stock. So this is a listed instrument available to any investors (unlike some well-known but unlisted companies closed to public investors) Many companies have been creating ETFs to create another type of mutual fund that they can sell to clients.
Looking at SPY, it is one of the oldest ETFs out there. This is the ETF most people will think about when they hear the word ETF. SPY was created by State Street in 1993. Therefore it holds as one of the most known and most liquid ETFs on the market. It is easy to trade this ETF, and it comes with a 0.09% expense ratio to help manage the fund.