Is there a difference between the S&P 500 ETFs such as SPY, SPX?

Check the expense ratio of the etf and also whether is ireland or us etf. US etf dividends tax is 30% but ireland one is only half at 15%

Hi there!

There are two types of instruments you can consider:

1. Exchange-Traded Fund (ETF)

2. Index Fund

Given you are planning to invest for about 30 years, how often would you like to do it?

If you are thinking of once a year lump sum, going for ETFs like VOO would be more appropriate. The advantages would be saving on the brokerage commission, and even better if you manage to buy a “dip”. The disadvantages would be buying at all-time high prices but this should be mitigated by the long investment time horizon that you have.

If you are thinking of monthly regular investment by adopting dollar-cost averaging, going for an index fund like Infinity U.S. 500 Stock Index Fund would be more appropriate. The advantages are that there are no sales charge as long as you invest through platforms like POEMS, FSMOne and DollarDex. You can also choose to take emotions out of the game by scheduling timely GIRO transfers to invest every month, with no concern over timing the market.

Hope this gives you a bit more insight. Feel free to ask more questions as I’m happy to share!