Advertisement
Anonymous
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?
5
Discussion (5)
Learn how to style your text
Reply
Save
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.
Reply
Save
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...
Read 1 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Products
StashAway
4.7
1293 Reviews
StashAway Simple Guaranteed 3.55% p.a. (Guaranteed rate)
Cash Management
INSTRUMENTS
None
ANNUAL MANAGEMENT FEE
None
MINIMUM INVESTMENT
3.5%
EXPECTED ANNUAL RETURN
Mobile App
PLATFORMS
Endowus
4.7
658 Reviews
Syfe
4.6
933 Reviews
Related Posts
Advertisement
No diversification then, higher risk