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Subject Expert
Since they both track the S&P 500, you should go with the ETF that has the lower expense ratio. VOO’s expense ratio is lower than SPY’s, I believe , but make sure to confirm that.
It’s possible other S&P 500 ETFs are around that have an even lower expense ratio than VOO - make sure to compare them all.
This is the right answer. The only advantage SPY has is that it’s more liquid (trading volume is higher), but that only matters if you’re frequently trading massive amounts of it. VOO is fantastic. Don’t over think this.
Subject Expert
Frankly most of my non real estate net worth is in SPY. Im just not really convinced any fund or whatever reliably beats the market so i just hoover up broad based market exposure and hope there's no idiosyncratic index fund risk ive failed to understand
If you to feel more diversified, you can put half in SPY and half in an equal-weighted version, such as RSP. Equal-weighted will likely not severely underperform in a good market and would likely outperform if companies like Apple and the other mega caps underperform for a while. Not investment advice...
Mentor
This is sound not investment advice. Thanks