Oaks

student at ngee ann

20 Feb 2021

∙

General Investing

Which platform should i use to buy ONLY S&P 500 index fund, no other stocks?

Hi, I want to buy the s&p500 index fund, which platform should i use? TD ameritrade, Tiger, IBKR? ONLY for SNP500 index fund, no other stocks?

Which platform will give me the lowest of cost and provide ease of transaction overall? also should i dca 100/month into the index or save it up and put lump sump every 6months/year?

1

Discussion (1)

What are your thoughts?

Learn how to style your text

Chris

20 Feb 2021

Owner and Writer at Tortoisemoney.com

If we're only looking between the 3 that you provided and only using a ticker that all 3 brokers have access to, TD Ameritrade is definitely lowest cost because it is free comms.

However, considering TD Ameritrade's ridiculous account approval times, you might wish to go with Tiger Brokers (1.99 usd per trade), since your trade size and frequency is small. IBKR is probably not a good choice for you since they have an inactivity charge.

If you choose the use TD Ameritrade, you can DCA every month since the comms are free. However, if you're using any of the other options, you can try every 6 months instead to spread out the comms instead.

Reply

Save

Write your thoughts

Related Posts

I am interested to buy into S&P 500. Which is better - Buying it directly via SCB versus through RSP with Poems, Infinity U.S. 500 Stock Index Fund or Fidelity America Fd A USD (SRS)?

With the rise in stock prices, how has Syfe global portfolio performed against simply buying and holding an index fund like S&P 500?

Is there any functional difference between the Infinity US 500 Stock Index Fund vs Vanguard S&P 500 index fund?

Following John Bogle advice, I would like to invest in S&P 500 regularly, about $1000 every month. Which platform should I use to buy Ireland-domiciled S&P 500 ETF?

Hi there, i would love to invest monthly into an index funds like S&P 500, but there are a few funds that track S&P some advice to take ireland as the tax is only 15%. Which platform can i do that?

Related Products

Moomoo Singapore

4.7

479 Reviews

From $0

MINIMUM FEE

0.03%

TRADING FEES

Custodian

STOCK HOLDING TYPE

Saxo Markets

4.5

957 Reviews

Syfe Trade

4.9

125 Reviews

Related Posts

I am interested to buy into S&P 500. Which is better - Buying it directly via SCB versus through RSP with Poems, Infinity U.S. 500 Stock Index Fund or Fidelity America Fd A USD (SRS)?

With the rise in stock prices, how has Syfe global portfolio performed against simply buying and holding an index fund like S&P 500?

Is there any functional difference between the Infinity US 500 Stock Index Fund vs Vanguard S&P 500 index fund?

Following John Bogle advice, I would like to invest in S&P 500 regularly, about $1000 every month. Which platform should I use to buy Ireland-domiciled S&P 500 ETF?

Hi there, i would love to invest monthly into an index funds like S&P 500, but there are a few funds that track S&P some advice to take ireland as the tax is only 15%. Which platform can i do that?