For TD Ameritrade, you have to convert your money into US from your bank first, hence it depends on your banks Forex spread!
View 2 replies
Any users of td ameritrade? I need a referral asap! Also, for us tax deduction of 30%, is it very painful??
They are o.k., no U.S. equity trading fees, very reliable,
tax disadvantage you must calculate by yourself,
dependent on probable annual dividend yields.
S&P500 ETF (1.8 % p.a. dividend yield), invested 20000 USD, different broker fees not considered.
U.S. domiciled ETF:
20000 USD x 1.8/100 = dividend 360 USD minus 30% tax
= 252 USD
Ireland domiciled ETF (USD denominated):
20000 USD x 1.8/100 = dividend 360 USD minus 15% tax
= 306 USD
tax difference = 54.00 USD for a 20000 USD investment with 1.8% yield
View 8 replies
The referral program for TDAmeritrade is not as straightforward like just entering a refer...
Read 2 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts