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)

What are your thoughts?

Rachelle Lye

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

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

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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