Advertisement
What are some costs that I should be aware of?
4
Discussion (4)
Learn how to style your text
Reply
Save
Hi Michelle, there's no hard-and-fast rule on this. It all depends on your comfort level.
I like to keep the commission fees to around 1% of the investment capital. For example, if the commission is $10, I would like to invest at least $1000 to make it worthwhile.
Yes, there's a 30% dividend withholding tax involved. Other costs will depend on the broker such as custodian fees, etc.
Reply
Save
30% wht.
The minimum lot you had to buy is one stock....
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
Related Articles
Related Posts
Related Products
4.7
482 Reviews
From $0
MINIMUM FEE
0.03%
TRADING FEES
Custodian
STOCK HOLDING TYPE
4.5
957 Reviews
4.9
127 Reviews
Related Posts
Advertisement
Hi Michelle, it's nice to know you're looking to kickstart your investment journey. On top of what has already been mentioned, specifically for ETFs, you could also consider Irish domicilied ETFs. They are more cost efficient with their 15% withholding tax on dividends, compared to 30% for those listed in US.
Examples of these ETFs listed on LSE include:
CSPX - iShares version
VUSA - Vanguard version in GBP
VUSD - Vanguard version in USD
VUAA - similar to VUSD, but the dividends are reinvested automatically instead of being paid out. This would be useful if you are looking to invest for the long term.