30 Aug 2020
Also, should I do this via an RSP with FSMone? Read about the activity fees on IBKR which would be quite expensive if i'm just planning to DCA every month.
Unfortunately I'm no expert in this area... But let me refer you to this answer which compares S&P 500 ETFs between those listed in the US and Ireland:
Hope this helps in some way!
Investment into Irish-domiciled ETFs such as IWDA & CSPX for world index & SP 500 will allow you to benefit from the U.S./Ireland tax treaty rate of 15% on dividends as compared to 30% if you invest directly into US ETFs.
At $800 per month, you may try FSMOne or Standchart depending on the FX Spread(Currency exchange) on the SGD into USD. Because when adding it up, it may cost quite a bit.
Once you hit 1.7k & above and wish to DCA every month into both ETFs, switch to interactive brokers for better FX & Commission fee overall.
FSMOne would be a better platform option, cause the $10 per month fee on IBKR would consider costly ...
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