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Hedgehogli

17 Nov 2021

∙

General Investing

S and P ETF

I have not much time to read stock market news daily and think S and P etf will be suited for me. Which one should I be looking at ? Could I get some advice on this ?

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Matthew Tan

19 Nov 2021

Undergraduate at NTU

You can consider investing in CSPX which is listed on LSE. Reasons for investing in CSPX includes:

15% witholding tax as compared to S&P etf listed in NYSE which is 30% (examples include voo, ivv, spy)
Dividends are automated reinvested

However, brokerage fees are higher when accessing LSE. On IBKR tiered account, minimum currency conversion fee is 2 usd and minimum trade commission is 1.7 usd.

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CTKS

Edited 18 Nov 2021

Hi, I'd definitely recommend CSPX. It is an irish domiciled etf that tracks the S&P500. It is more tax efficient compared to its US domiciled counterparts (15% vs 30% withholding tax) and is an accumulating etf, which reinvests dividends automatically. This maximises compounding and saves brokerage fees.

For more information on irish domiciled etfs, check out my article at www.thedollarsapling.com

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Not a financial advisor

17 Nov 2021

CSPX using IBKR~

Otherwise VOO SPY SPLG from other platform like tiger moomoo

Personally I invest...

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