You don’t need thousands of dollars to start investing.
If you have $500 available, it could be worth considering one of these ASX exchange traded funds (ETFs).
Each gives investors a different way to put money to work without having to pick individual shares.
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iShares S&P 500 ETF (ASX: IVV)
The iShares S&P 500 ETF could be a strong option for investors wanting broad exposure to the United States.
This fund tracks the S&P 500 Index, which includes many of the largest listed companies in America.
That includes many of the biggest and best companies in the world, such as Apple (NASDAQ: AAPL) and Nvidia (NASDAQ: NVDA).
Vanguard MSCI Index International Shares ETF (ASX: VGS)
Another ASX ETF to consider is the Vanguard MSCI Index International Shares ETF. It could be worth a look if you want even broader global exposure.
This fund invests across developed markets, including the United States, Europe, Japan, Canada, and other major economies.
This can make it a good starting point for investors who want a simple global share portfolio without having to decide which overseas market will perform best.
Vanguard Australian Shares Index ETF (ASX: VAS)
The Vanguard Australian Shares Index ETF keeps things closer to home.
This fund gives investors exposure to a broad basket of Australian shares. This includes the banks, miners, healthcare companies, and retailers you hear about in the news or encounter in everyday life.
It is worth noting that the local market is not as diversified as global markets, but it still includes plenty of large, profitable businesses. This fund offers a simple way to own a slice of 300 of them.
Betashares Nasdaq 100 ETF (ASX: NDQ)
A fourth ASX ETF to consider is the hugely popular Betashares Nasdaq 100 ETF.
It is a higher-growth option. It invests in 100 of the largest non-financial companies listed on the Nasdaq exchange.
These companies are linked to areas such as artificial intelligence, cloud computing, chips, software, digital advertising, streaming, ecommerce, and consumer technology.
This fund can be volatile, so it may not suit everyone. But investors with a long-term view could find it attractive because it offers exposure to some of the world’s most influential growth companies.
Betashares Asia Technology Tigers ETF (ASX: ASIA)
Finally, the Betashares Asia Technology Tigers ETF could be a good option for investors wanting technology exposure outside the United States.
This fund invests in major Asian technology companies across areas such as semiconductors, hardware, ecommerce, gaming, and digital platforms.
It is a more concentrated option, so investors should expect ups and downs.
But if you want your $500 invested in a focused long-term technology theme, this ASX ETF could be worth a closer look.