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Set it & Forget it With These Best Low Cost Index Funds

Index funds are a great way to set it and forget it with your investments. It's important to choose ones with low fees and high returns. These are the best low-cost index funds for 2023!

Index funds track an Index - like the S&P 500 or Nasdaq.  The fund follows the rules of the Index. You know what you're going to get, and where your money is at any given moment.  It's a safe bet!

The annual costs come to about $3 for a $10,000 investment, which is cost-effective compared to actively managed funds, which can charge up to 1%.

1. iShares Core S&P 500 ETF (IVV)

The ETF performs similarly to IVV, and the two work well together for tax-loss harvesting (deliberately taking a capital loss to offset taxes). The expense ratio for ITOT is 0.03%.

2. iShares Core S&P Total US Stock Market ETF (ITOT)

The ETF’s higher expense ratio of 0.09% makes it less suited for long-term holding, although it is still inexpensive compared to several actively managed funds.

3. SPDR S&P 500 ETF Trust (SPY)

4. Invesco NASDAQ 100 ETF (QQQM)

This is the “mini” form of QQQ. QQQM has a lesser volume & assets under management than but a lower expense ratio of 0.15%, compared to 0.2% for QQQ.

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