facebookHi all, I’m looking to invest in ETFs that track S&P500 index. However, I’m torn between choosing to invest direct into US Market (FSM) or Ireland-domiciled funds.? - Seedly

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Anonymous

08 Oct 2020

General Investing

Hi all, I’m looking to invest in ETFs that track S&P500 index. However, I’m torn between choosing to invest direct into US Market (FSM) or Ireland-domiciled funds.?

I’m looking to do DCA monthly, starting with small amounts. (<S$500) seems there aren’t much choice of brokerage for Ireland funds.. TIV!

Discussion (9)

What are your thoughts?

Yes, CSPX seems best (accumulating, Ireland domiciled)

only quarterly would be best.

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Why are you torn? For Ireland domiciled ETFs, interactive brokers or standard chartered would be your best bet. If you’re looking at 500 a month I would bunch up the amount and probably invest 1.5k with stanchart every quarter instead.

Here’s my take, if you’re planning to invest in this portfolio for the long run e.g. retirement, go for Ireland domiciled ones because once you get to larger amounts you get substantial savings due to favourable tax.

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