Hello, I am somewhat new to investing. After doing some research, I figure the best strategy for me is to likely invest in an S&P500 index.. dollar cost averaging.. but going a little heavier right now as prices are lower.
Can someone please explain which ETF I should be focused on buying.. I'd like as many opinions as possible. I've done research but still am unsure what is the 'best' option.
vfv.to
vsp.to (canadian hedged)
voo
As with any investment, would it be wise to diversify and invest in a couple?
Example:
I invest in both vfv.to and vsp.to… 20 years from now the US dollar has is risen much more than the cad dollar.. in this case I miss half the gain or half the loss depending on currency fluctuations? Opposed to a big loss/gain. Does that logic make sense? Would future outlook of both economies point me in the direction on one etf over the other?
Your comments are much appreciated!
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