facebookI would like to invest in S&P500, but after googling and asking around I'm still quite uncertain. Looking to deposit around $500/month into a ETF. Any advice? - Seedly
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Berfont Thum

Level 3·Counsellor at SACS

08 Jun 2021

General Investing

I would like to invest in S&P500, but after googling and asking around I'm still quite uncertain. Looking to deposit around $500/month into a ETF. Any advice?

Should I use local brokerage (SCB was recommended to invest in IWDA? FSMone looks nice to me) or international brokerage (first trade has $0 commission, Kristal AI has free trade for first $50k, IB is quite pricey at $10/month)

For Singapore, better to use Ireland-Domiciled ETFs right? Any significant difference for VUSA, SPX5, IUSA? I noted SPX5 has slightly higher expense ratio

6

      Discussion (6)

      What are your thoughts?

      Maya

      Maya

      15 May 2020

      Level 7·Content & Community at Kristal.AI

      Hi Berfont,

      S&P500 is a great index to get diversified access to US equities!

      However, before jumping right into investing, you should be clear on your overall asset allocation. This will depend on your current situation and risk profile. If you have some time, you can view our webinar “Market volatility 2020: Where do you invest $10,000 today?” it gives a great overview: https://youtu.be/PQIyTGcVanc

      As for choosing the right platform, you already correctly said that kristal.AI is offering zero fees for the first $50,000 invested! We have an investment algorithm that helps find the ideal portfolio for each individual investor. However, if you don’t want to go with the algo’s recommendation, we give our clients the power to freely choose among our curated selection of 200+ ETFs and ETF baskets!

      Let me know if you have any further questions!

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          Hey there!

          That's a good option if you want diversification amongst sectors and exposure to the US market. And the option of allocating a sum of money every month (Dollar-Cost-Averaging) works well in a downward trend market. You might want to take note of the brokerage fees and US withholding tax (30%) of your returns and opt for an Irish-domiciled ETF instead. Roboadvisors are a great way to start your investing journey.

          But do make sure you've settled your health protection (insurance) component as well! :) All the best!
          Financial planning is an integral part of life. You can reach me here to find out more.

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              No problem with SP500, could be even the single one ETF You need.

              somethings:

              https://seedly.sg/qu...

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