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Anonymous

13 Apr 2020

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General Investing

How to begin investing in the S&P 500?

It sounds simple, but there are lots of tricky details like withholding tax, brokerage fees esp for SG, etc

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Discussion (1)

Gabriel Tham

01 May 2019

Tag Team Member at Kenichi Tag Team

You need a brokerage account, with access to US markets. You will need to fill in a W8Ben Form, the brokerage will guide you.

Any US stock dividends are taxed at 30%. What you receive is after tax.

Brokerage fees, check with broker platform. There are minimum brokerage fees from as low as $10 to $25.

So, as a starter, set everything, open the acccounts, familiarize with the online platforms.

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