I have many questions about investing in s&p 500 index fund.

I have many questions in investing in an index fund:

What’s the difference between buying an index fund that tracks the s&p 500 and buying shares in the s&p 500 directly from etoro for example? I’m in Australia and can’t find an s&p500 index fund but saw that you could invest in the s&p500 on etoro I’m pretty much a beginner. If you invest on etroro the interest can't compound because there's no interest correct? So is my investment just based on the market and will increase if the market increases? I was going to use vanguard as suggested by Ali Abdaal who I first watched on investing but in Australia I can't find an s&p500 index fund nor a asx200 index fund. Am I doing something wrong?

It would be great if someone could answer these questions.


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