If youâre just starting your investment journey and arenât sure which ASX shares to buy, then you could consider exchange traded funds (ETFs) instead.
ETFs provide investors with an easy way to invest because they allow you to buy large groups of shares through just a single investment.
But which ETFs would be good for beginners? Two to consider are listed below. Hereâs what you need to know about these top ETFs:
BetaShares NASDAQ 100 ETFÂ (ASX: NDQ)
The first ETF that could be a good option for beginners is the BetaShares NASDAQ 100 ETF. This ETF provides investors with access to 100 of the largest non-financial companies listed on Wall Street’s famous exchange.
These 100 stocks are some of the biggest and best companies in the world and household names such as Google parent Alphabet, Amazon, Apple, Meta (Facebook), Microsoft, Netflix, Nvidia, Starbucks, and Tesla.
It has been a very difficult year for the NDQ ETF and its units are down materially. However, due to the quality in the ETF, the long term remains very positive. This could make it a great time to be snapping up this hugely popular ETF.
VanEck Vectors Morningstar Wide Moat ETFÂ (ASX: MOAT)
Another ETF that could be a great investment option for beginners is the VanEck Vectors Morningstar Wide Moat ETF.
If you’re a fan of legendary investor Warren Buffett, then this ETF could be for you. This Buffett-inspired ETF gives investors access to a group of companies that have sustainable competitive advantages or moats.
Moats are a characteristic that Buffett looks for when he’s finding his investments. And given his track record over many decades, it’s hard to argue against this strategy.
The fund is currently invested across ~50 attractively priced shares boasting these qualities. This includes the likes of Adobe, Alphabet, Intel, Kellogg Co, and Walt Disney.
The post 2 high quality ETFs for ASX beginner investors to buy in 2023 appeared first on The Motley Fool Australia.
“Cornerstone” ETFs for building long term wealth…
Scott Phillips says plenty of people who hear the ‘ETFs are great’ story don’t realise one important thing. Not all ETFs are the same — or as good as you may think.
To help investors navigate this often misunderstood area of the market, he’s released research revealing the “cornerstone” ETFs he thinks everyone should be looking at right now. (Plus which ones to avoid.)
Click here to get all the details
*Returns as of December 1 2022
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More reading
- If I was 40 and had never invested, hereâs how Iâd aim to build a $500,000 ASX share portfolio
- New kids on the ASX block: Why did Gen Z flock to the BetaShares Nasdaq ETF (NDQ) in 2022?
- Down 27% this year, is the Betashares Nasdaq 100 ETF (NDQ) a buy before 2023?
- One Warren Buffett-style stock Iâm âneverâ selling
- Why is the BetaShares NASDAQ 100 ETF (NDQ) having such a stellar run today?
Motley Fool contributor James Mickleboro has positions in BetaShares Nasdaq 100 ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended BetaShares Nasdaq 100 ETF. The Motley Fool Australia has positions in and has recommended BetaShares Nasdaq 100 ETF. The Motley Fool Australia has recommended VanEck Morningstar Wide Moat ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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