If you have $10,000 to invest but aren't a fan of stock picking, then you could look at exchange traded funds (ETFs) instead.
They provide investors with access to large numbers of shares through a single investment, which removes the need to pick individual stocks to buy.
But which ASX ETFs could be good options in October. Let's take a look at three highly rated options to consider for this money. They are as follows:
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BetaShares NASDAQ 100 ETF (ASX: NDQ)
The first ASX ETF to consider is the extremely popular BetaShares NASDAQ 100 ETF.
This fund is home to many of the biggest and best companies that the world has to offer. This includes Apple, Microsoft, Nvidia, and Tesla.
The fund manager, Betashares, highlights that the Nasdaq 100 has outperformed over the last decade thanks largely to the innovation of the 100 companies included in the fund.
Betashares suspects that this trend could continue. It notes that the "largest 15 companies on the Nasdaq are the biggest R&D spenders, allocating an average of 16.9% of their revenues to R&D over the past 12 months. It has been this spending on innovation in areas like enterprise, cloud computing, cybersecurity, and more recently AI that has ultimately led to underlying growth."
VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)
Another ASX ETF for investors to consider for this money is the VanEck Vectors Morningstar Wide Moat ETF.
One of the most respected and widely followed investors of our time is Warren Buffett. Over many decades, the Oracle of Omaha has smashed the market, delivering very strong returns for his Berkshire Hathaway (NYSE: BRK.B) business.
But this hasn't been achieved with day trading or any fancy algorithms. It has been underpinned by Buffett's simple focus on buying high quality companies that have fair valuations and sustainable competitive advantages or wide moats.
While investors can follow in his footsteps by identifying companies of this type themselves. They can also save time by simply buying the VanEck Vectors Morningstar Wide Moat ETF.
At present, the fund is invested across ~50 shares that have the qualities that Buffett looks for when investing for Berkshire Hathaway. This includes the likes of Adobe, Estee Lauder, Nike, and Walt Disney.
BetaShares Global Cybersecurity ETF (ASX: HACK)
A final ASX ETF that could be a good option for a $10,000 investment is the BetaShares Global Cybersecurity ETF.
It provides investors with access to the leading players in the growing cybersecurity industry.
This could be a great place to park your money in the future. That's because Betashares highlights that "an estimate of the total addressable market by McKinsey suggests that the cybersecurity market is $1.5-$2.0 trillion globally, and at best only 10% penetrated with a very long runway for growth."
This bodes well for the companies in the fund such as Accenture and Palo Alto Networks.
