Which Brokerage Platform to use?

I think IBKR should be one of the cheapest in the market, in terms of commissions. Plus, there's no more inactivity fee for IBKR!

Hi there,

Instead of investing in VOO/VTI, consider investing in irish domiciled ETFs such as CSPX (S&P500) or VWRA (all world index).

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There are a few reasons for doing so

1. Investing in Irish domiciled ETFs means lower withholding tax of 15% (compared to 30%) when investing in US domiciled ETFs. This recurring fee compounds and will snowball to huge amounts over time.
2. Accumulating ETFs are available which means any dividends will be automatically reinvested, saving on commission fees and maximising compounding as you don't have to worry about buying full shares.
3. Finally, no estate taxes to worry about. Estate taxes are taxes on your US assets when you pass on.

While there is slightly higher fees and spreads on the London Stock Exchange, these fees are once off and minimal. I personally use IBKR as their fees are very competitive.

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For a full guide on irish domiciled ETFs, check out my article here http://thedollarsapling.com/2021/09/17/irish-do...

If you are interested to learn more, consider joining my telegram channel https://t.me/thedollarsapling where I talk about all things related to investing and personal finance