If you're a beginner investor and not yet confident with stock picking, then the solution could be exchange traded funds (ETFs).
That's because ETFs allow investors to buy large groups of shares through a single investment.
This means that not only can you build a diverse portfolio effortlessly, but you don't have to worry about dedicating time to researching individual shares.
With that in mind, which ASX ETFs could be top options for beginner investors right now? Three that could be worth considering are listed below:
BetaShares NASDAQ 100 ETF (ASX: NDQ)
The first ASX ETF that could be a great pick for beginners is the BetaShares NASDAQ 100 ETF. It would be a top option if you want to invest in some of the biggest and best companies that the world has to offer (which is never a bad idea!).
That's because the massively popular ETF gives you access to the 100 largest non-financial shares on the famous NASDAQ index. This is where you'll find all the big tech giants that are ever-present in our daily lives. This includes by providing search engines, streaming services, mobile phones, spreadsheets, electric vehicles, and online shopping platforms.
iShares S&P 500 ETF (ASX: IVV)
Another ASX ETF for beginner investors to consider buying this month is the iShares S&P 500 ETF. It could be a good alternative to the NASDAQ 100 ETF if you want a more balanced option for your investment portfolio.
The reason for this is that as well as giving you access to the 100 shares in the above-mentioned ETF, the iShares S&P 500 ETF also covers a further 400 of the top listed companies on Wall Street. This means that you will be investing in a diverse group of shares, including countless household names, from a range of different sectors. This makes it a more diverse option for investors.
Vanguard MSCI Index International Shares ETF (ASX: VGS)
A final ASX ETF for beginner investors to look at is the Vanguard MSCI Index International Shares ETF. It could also be a great option if you're focusing on diversity. That's because this ETF gives investors exposure to approximately 1,500 of the world's largest listed companies from major developed countries.
The fund manager, Vanguard, highlights that investing internationally offers greater access to sectors such as technology and health care that aren't as well represented in the Australian share market. Among the ETF's largest holdings are giants from numerous industries such as Apple, Johnson & Johnson, JP Morgan, Nestle, and Visa.
