21 Sep 2020
I am keen to buy on kristal.AI due to no transactional fees for first 50k investments, but they only have SPY which is listed on US stock exchange. Advice please.
Hey... they do have an Ireland-domiciled ETF that tracks the S&P500 Index - ie CSPX. However, please do note that the barrier of entry for that ETF is appx $3k USD.
21 Sep 2020
Student Ambassador 2020/21 at Seedly
If you're looking to trade frequently (move in and out of the market freqently), the US markets would be a better choice for the reasons Ethan mentioned, i.e. better liquidty, tighter spreads and lower commissions
However, if you're in for the long run, the benefit of lower witholding tax will definietely outweigh the cost of the higher expense ratio of Ireland-domiciled ETFs.
To purchase Ireland-domiciled ETFs, you would need access to the LSE or other European exchanges. Currently, the cheaper brokers I am aware of that have access to these exchanges are Saxo and IBKR.
The tax only applies only to dividends and not capital gains, I think most people who buy ...
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