If you're new to investing and not confident with stock picking, then exchange traded funds (ETFs) could be a great option to start with.
ASX ETFs allow investors to buy a slice of a large and diverse number of shares through a single investment.
This means that not only do you have a diverse portfolio, but you don't have to worry about dedicating time to researching individual shares.
But which ASX ETFs could be top options for beginner investors? Two that could be worth considering are listed below:
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BetaShares NASDAQ 100 ETF (ASX: NDQ)
The first ASX ETF to look at is the hugely popular BetaShares NASDAQ 100 ETF.
It provides investors with access to 100 of the best companies on the NASDAQ index. These are the giants of Wall Street like Apple, Meta, Microsoft, Nvidia, and Tesla.
Over the last 10 years, the index it tracks has delivered an average return of 21.3% per annum. This would have turned a $10,000 investment into almost $70,000.
VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)
Another ASX ETF that could be a great option for beginner investors is the VanEck Vectors Morningstar Wide Moat ETF.
It is focused on investing in a group of shares that have wide moats (sustainable competitive advantages) and fair valuations.
These are the qualities that Warren Buffett looks for when he makes his investments for Berkshire Hathaway (NYSE: BRK.B). And given how Buffett has smashed the market since all the way back in 1965, it's fair to say that this investment strategy has its merits.
At present, its holdings include Walt Disney, Estee Lauder, Campbell Soup, Nike, and Etsy.
Over the last decade, the index the fund tracks has generated an average annual return of 16.5%. This would have turned a $10,000 investment into approximately $46,000.
