facebookAnyone using FSMONE to DCA into VOO ETFs using RSP? Is this recommended for the lazy investor? - Seedly

Anonymous

17 Dec 2020

Retirement

Anyone using FSMONE to DCA into VOO ETFs using RSP? Is this recommended for the lazy investor?

I know Ireland domiciled ETFs are better but can't find any option with auto DCA into those?

Discussion (2)

What are your thoughts?

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As far as I am aware there isn’t an option to automate DCA for Ireland domiciled ETFs. It doesn’t require much effort for me to make that purchase once a month.

2 points to take note if you want to RSP into VOO, withholding tax adds up when your portfolio gets bigger, might cost a bit if you invest for the long run.

US estate tax applies on All your US domiciled holdings+ Cash in any currency in US financial institutions above 60k USD, including VOO, if you ever plan on passing down your portfolio to your dependents, this might not be the smartest thing to do

Is this recommended for lazy investor?
No, for investor who have a life😆. Juz set and forget then persuade something more meaningful.

Ireland domiciled ETF better?
In what sense? Dont worry too much on witholding tax. Is the growth. Insignificant

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