Hi Anon,
Great job wanting to move away from Robos even as a beginner! I think this is something many people are afraid to do haha.
Of course 'low cost' is relative, and everyone can have a different definition of what's considered low. Personally, I think anything below 0.2% is low. So ARKK would be relatively high cost as an ETF in my opinion. But then again, it's because ARKK's management style is slightly different than that of regular ETFs, and if you look at its past performance, many would say that it's a fee worth paying for, though that's a whole other discussion.
IMO, if you're still a beginner, you don't need a lot of funds, contrary to what people might say about diversification. So id say the only ETF you really need is either VOO (US) or CSPX (UK), both S&P 500 ETFs, depending on which broker you decide to use. Even if you'd like to throw in 1 or 2 other funds, I think the S&P 500 ETF should still be 70-80% of your portfolio.
Some other ETFs you can consider are VBR (US small cap) or 2801 (China large cap), both of which are low cost too.
Hope this helps and all the best!!
Regards,
thefrugalstudent
Hi Anon,
Great job wanting to move away from Robos even as a beginner! I think this is something many people are afraid to do haha.
Of course 'low cost' is relative, and everyone can have a different definition of what's considered low. Personally, I think anything below 0.2% is low. So ARKK would be relatively high cost as an ETF in my opinion. But then again, it's because ARKK's management style is slightly different than that of regular ETFs, and if you look at its past performance, many would say that it's a fee worth paying for, though that's a whole other discussion.
IMO, if you're still a beginner, you don't need a lot of funds, contrary to what people might say about diversification. So id say the only ETF you really need is either VOO (US) or CSPX (UK), both S&P 500 ETFs, depending on which broker you decide to use. Even if you'd like to throw in 1 or 2 other funds, I think the S&P 500 ETF should still be 70-80% of your portfolio.
Some other ETFs you can consider are VBR (US small cap) or 2801 (China large cap), both of which are low cost too.
Hope this helps and all the best!!
Regards,
thefrugalstudent