08 Jun 2021
I've heard a lot about investing in the US S&P 500 indexes, and I'm interested in doing so. How do I go about it? Or is the local indexes a better option? How do I start?
In my early 30s, have saved up quite a bit (more than 2 years of emergency funds), and have a diligent saving habit. Looking into investing some of these money so as to not let it sit in the bank. Completely new to investment!
You can take a look at the replies here by Hariz and I on the limitations of investing in local indices.
Rather than just investing in local indices, you should look at diversifying globally. If you want an entirely fuss free experience that allows you to do a regular savings plans across CPF, SRS and cash, do consider Endowus. Our Cash and SRS portfolio allows you to invest in Dimensional World Equity Fund which has more than 10,000, SGD hedged PIMCO bond funds, both of which are through a tax efficient vehicle (irish domiciled funds), at a very low cost (0.4% for SRS and up to 0.6% for cash).
You can understand more about our CPF investing portfolio here. It is by far the cheapest way to access a globally diversified portfolio for CPF. https://endowus.com/grow-cpf
If you are willing to put in more effort, buying Irish domicled ETFs through Interactive Brokers or standard chartered bank online trading platform is the lowest cost options.
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I was using Interactive Brokers, but swapped over to TigerBrokers for the reason that TigerBrokers are licensed and registered with MAS.
Fees wise, TigerBrokers are US$1 more expensive in terms of min. fees.
Overall, the platform is pretty good, it gives analysis, charts and also company profile all in one app.
If you are looking to get an account, here's my referral link: https://www.tigersecurities.com/accounts?invite...
You'll get 50% off trading commission and also a free stock! :D
Currently You can trade US stocks with most major brokers in Your country.
In Non-U.S. countries th...
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