hi guys whats everyones thoughts on IVV, it tracks the S&P500 its backed by blackrock
you calculate the IVV price by getting the S&P500 which is trading at 2630, so you use $263
To get the stock price you go 1 divided by .72USc to get $1.33 x 263 and the IVV price is $365
Its only got a low management fee of 0.04%, and its very liquid, and its incorporated in Australia as of OCT 2018, when you buy it there is no need to fill in that US tax form.
View attachment 1386101When the S&P 500 crashes im buying this instead of trying to pick shares that I think will bounce back.
