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Anonymous
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.
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Rachelle Lye
30 Aug 2020
Digital Marketing at Fintech
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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.
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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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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!