Exchange-traded funds (ETFs) could be the best way to invest for most people, as it takes out the guesswork of trying to find the right company at the right price.
Buying an ETF allows you to invest in large number of businesses with a single purchase, as opposed to having to buy each company separately with associated broker costs. Achieving the market average could be good for most people.
Here's two ETFs that could be ideas for your portfolio:
Vanguard Australian Share ETF (ASX: VAS)
I'm sure most readers know of Vanguard, one of the world's leaders in offering low-cost ETFs.
Everyone seems to think that Australia may go through a recovery phase with Labor's taxation changes no longer going ahead. So there could be better times ahead for ASX shares. We'll see if that happens.
This ETF's top holdings include Commonwealth Bank of Australia (ASX: CBA), Westpac Banking Corp (ASX: WBC), CSL Limited (ASX: CSL) and BHP Group Ltd (ASX: BHP). I'm sure you've all heard of those blue chips.
It has a low annual management fee of 0.14% per annum.
BetaShares Global Robotics and Artificial Intelligence ETF (ASX: RBTZ)
Sometimes investors like to follow a theme or trend. Robotics and artificial intelligence could be one of the best themes to try to get exposure to over the next few decades as they have the potential to change the world like the internet or smartphones have done.
However, it's very hard to know which business is going to be the one to truly make a difference, so why not make an investment in a group of them and hedge your bets?
The ETF's largest holdings include Intuitive Surgical, Mitsubishi Electric, Keyence, Abb, Fanuc and Daifuku.
Foolish takeaway
Each of these ETFs have positives. If I were to pick one I'd go for the robotics ETF – it's very different to my other holdings, it provides global exposure and I'm not really a fan of the ASX index with its large weighting to banks.
