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Anonymous

06 May 2020

General Investing

How do i get started if i want to invest in s&p500?

Is there any min.sum like the sti etf in order to invest? I alr have cdp account, which brokerage is better if i invest in s&p500?

Discussion (3)

Nicholes Wong

31 Mar 2019

Diploma in Business Management at Nanyang Polytechnic

You can also look at the ireland domiciled alternatives like VUSD and CSPX which will reduce the withholding tax from 30% to 15%. Standard chartered is ok and if u have more than USD 100,000, Interactive broker will be even better. You can buy a single share but might not be worth it due to minimum commission so u have to do ur own calculations.

Just to add on, you can consider using Saxo Capital Markets as well. Other examples of ETFs that track the S&P 500 are:

Source: https://etfdb.com/index/sp-500-index/

Likewise, dividends will be subjected to withholding tax as well!

You don't need a cdp account to invest in the S&P500, since this is only required for sgx stocks...

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