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Anonymous
Can anybody tell me if the fees for buying cspx will be lower/higher than buying voo or not? assuming I use the same broker which is IBKR. I will be using tiered pricing so are the fees for CSPX min GBP 1/order for CSPX and USD 0.35/order for VOO?
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thefrugalstudent
02 Aug 2021
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Hi Anon,
The fees for CSPX will be 1.70 USD not 1 GBP because CSPX is traded in USD not GBP.
The fees are definitely cheaper for VOO, also considering the fact that you can buy fractional shares of VOO but not CSPX.
But overall, I think CSPX is better in the long run because of the tax advantages. Personally, that's what I'm investing in.
Hope this helps!
Regards,
thefrugalstudent