If you are lucky enough to have $20,000 to invest in the share market, then it could be a good idea to consider some exchange traded funds.
Let's dig deeper into three ASX ETFs that could be top picks.
The first ASX ETF to consider is the iShares S&P 500 ETF.
This fund tracks the famous S&P 500 Index, which includes 500 of the largest listed companies in the United States.
Among its holdings are the likes of Nvidia, Walmart, McDonald's, and Apple.
Companies with strong financial positions can often keep investing for growth during economic conditions.
The Betashares Global Quality Leaders ETF offers exposure to a portfolio of companies selected for these characteristics across developed markets.
A final ASX ETF to consider for the $20,000 is the Betashares Global Cash Flow Kings ETF.
Companies generating free cash flow have more flexibility to invest in growth, pay dividends, buy back shares, reduce debt, or make acquisitions.