Criteria for that one: low expense ratio, so you aren’t losing (much) money to the fund manager, large market cap, so you are less succeptible to shock, and the ETF probably isn’t going anywhere, and as a S&P 500 ETF, it holds stocks from all 500 businesses in the S&P 500 (weighted by the respective market cap of said businesses), so it’s not tied to any single sector, making it more resilient for long-term investment.
Yeah I think my issue had always been no knowledge of how to pick even the right etf. For example, how did you even land on that one?
Criteria for that one: low expense ratio, so you aren’t losing (much) money to the fund manager, large market cap, so you are less succeptible to shock, and the ETF probably isn’t going anywhere, and as a S&P 500 ETF, it holds stocks from all 500 businesses in the S&P 500 (weighted by the respective market cap of said businesses), so it’s not tied to any single sector, making it more resilient for long-term investment.