facebookDoes it make sense for me to buy SPDR S&P 500 ETF (SPY) if my robo portfolio has CSPX? - Seedly

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Anonymous

18 Aug 2021

General Investing

Does it make sense for me to buy SPDR S&P 500 ETF (SPY) if my robo portfolio has CSPX?

Beginner investor here, please enlighten me? both ETFs are tracking s&p500? Currently DCA-ing into the robo but wondering if i should also invest in SPY through a broker?

Discussion (5)

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Echoing what @thefrugalstudent said, I think since it's covered by your robo, that's fine. Perhaps better to look at others via stock picking or maybe QQQ if you're bullish about tech.

I do have CSPX but I got it through brokerage, as I prefer going through Ireland domiciled to avoid the withholding tax.

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thefrugalstudent

18 Aug 2021

Founder at thefrugalstudent.com

Hi Anon,

It really depends on why you want to invest in SPY via a broker.

By doing so, you will b...

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