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.
When the S&P 500 crashes im buying this instead of trying to pick shares that I think will bounce back.
