I'm someone who atm subscribes to efficient market hypothesis, after reading 4 pillars of investing by bernstein.
I think more recent reading on the internet suggests that the hypothesis is incorrect but I still feel its difficult if not impossible to beat the market especially at my level.
Because of this and also because i don't have enough funds (starting with $5000 to get used to trading). I'm thinking of buying etf's.
The two I'm looking at are
VAS - australian stocks --> i'll be guaranteed to more or less keep up with the market.
VTS - us top stocks --> more risk involved because of currency but greater potential of growth as US currency is bound to rebound.
The investments would be long term with no intention to sell until (maybe retirement) in 40+ years. At this stage I'm tempted to put $5000 in VTS but am not sure whether this is too risky. Also vts has gone up alot recently so am not sure if it is overvalued at the moment.
Should I be considering some other ETF instead of VAS if i'm interested in aussie stocks.