facebookFresh grad, have around $800/month to invest and looking to invest into a World MSCI and a S&P500. Which platform would be the best, and should I be looking to invest in Irish-domiciled ETFs? - Seedly

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Anonymous

30 Aug 2020

General Investing

Fresh grad, have around $800/month to invest and looking to invest into a World MSCI and a S&P500. Which platform would be the best, and should I be looking to invest in Irish-domiciled ETFs?

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.

Discussion (3)

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Rachelle Lye

30 Aug 2020

Digital Marketing at Fintech

Hey Anon!

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:

https://seedly.sg/questions/what-is-the-s-p-500...

Hope this helps in some way!

Casper Ho

28 Aug 2020

Regional Operation Manager at SciEcomm.com

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.

https://blog.seedly.sg/how-to-invest-in-ireland...

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.

Aidan Neo

27 Aug 2020

Financial Services Consultant at Manulife Financial Advisers

FSMOne would be a better platform option, cause the $10 per month fee on IBKR would consider costly ...

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