If you're wanting to invest but aren't sure which shares to buy, then exchange traded funds (ETFs) could be a good option.
This is because ETFs allow you to buy a large number of shares through a single investment.
But which ETFs could be top options right now? Here are two that could be worth considering:
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iShares S&P 500 ETF (ASX: IVV)
The first ETF for investors to consider buying is the iShares S&P 500 ETF. This ETF aims to provide investors with the performance of Wall Street's famous S&P 500 Index before fees and expenses.
This has been a great index to have exposure to historically. According to the most recent Berkshire Hathaway (NYSE: BRK.B), the S&P 500 Index has generated an average annual return of 9.8% since 1965. This would have turned a single $10,000 investment into approximately $2.2 million today.
Among the 500 companies included in the fund are some absolute giants. These include Amazon, Apple, Berkshire Hathaway, Facebook, JP Morgan, Johnson & Johnson, Microsoft, and Tesla.
Vanguard Australian Shares High Yield ETF (ASX: VHY)
If you're investing for income then the Vanguard Australian Shares High Yield ETF could be the one for you.
This ETF provides income investors with exposure to companies listed on the Australian stock exchange that have higher forecast dividends relative to other ASX-listed companies based on broker research.
It also has diversification in mind so you don't end up with a portfolio filled to the brim with coal and iron ore miners. The ETF limits the proportion invested in any one industry to 40% and 10% for any one company. In addition, Australian Real Estate Investment Trusts (A-REITS) are excluded from the index.
Among the 70~ shares included in the portfolio you'll find the likes of BHP Group Ltd (ASX: BHP), Commonwealth Bank of Australia (ASX: CBA), Telstra Corporation Ltd (ASX: TLS), and Wesfarmers Ltd (ASX: WES).
The Vanguard Australian Shares High Yield ETF is currently trading with an estimated forward dividend yield of 5.4%.
