Hi! Congrats on being willing to invest in VOO ETF. I recommend opening a broker to start purchasing VOO ETF!
My recommendation for beginners would be Saxo.
My recommendation for RSP would be FSM one.
My recommendation for lower comms would be Tiger Brokers.
See which particular trait you enjoy more and choose accordingly!
Beyond that, I encourage you to go beyond just investing in ETFs! It is a good buy, but should not be your only buy moving forward, even if you are a passive investor!
You could perhaps look into exploring the China and Emerging Markets, and hold Gold/Bonds for a better risk allocation than 100% Equities as well.
You can also consider using robo advisors/101 ILPs for a more diversified starting portfolio considering that you are a fresh graduate and expand outwards when your portfolio has built strength!
Hello fresh graduate!
As a just graduated person, recommended broker will be Tiger Broker. Not only you can invest in US market, but also diversify into SG or HK market in the future.
Why do I recommend Tiger Broker is because personally I have tried out compare to other broker and I am still using it as the rates are pretty low (min 2 usd per trade) and will benefit both in long term or short term.
Even though some other brokers like TD Ameritrade and Firstrade offers commission free, but then their withdrawal fee is significantly high. Taking TD Ameritrade as an example, their withdrawal fee is 25 usd. This amount in Tiger broker you can already execute 12 buy/sell trade already. Unless you are just gonna do a single withdrawal in your entire trading period, if not, Tiger Broker will be the ideal trading platform.
Do drop by to look at my blog on the steps to sign up Tiger Broker below. I have also included the steps on how to perform deposit, withdrawal and converting your currency within the Tiger mobile app itself:
Hi Keef, to invest in VOO, you'll need a broker that has access to US markets.
For US markets only, TD Ameritrade is by far the best at this point. TD Ameritrade has zero commission trades, close to spot FX rates and a great interface. The main downside to TD Ameritrade is the slow account approval and the USD 25 withdrawal fee.
If you prefer a broker with access to SGX and US markets, you can consider Tiger Brokers instead. It has rather low comms at USD 1.99 per trade and great FX rates too. The main downside I see would be the transfer of positions fee if you choose to change brokers (USD 100 per counter) and that Tiger Brokers is still relatively new to the broker scene, starting only in 2019ish.
Alternatively, if you see yourself as a trader type, you can consider Interactive Brokers. They charge USD 1 per trade and use spot FX rates. Moreover, they have access to almost every market out there. However, the main downside is the inactivity fee which is USD 10/month (USD 3 if you're 25 or younger). The commissions are offset from the inactivity fee, so if you make USD 10 worth of commissions per month, there is no inactivity fee.
You can take a look at my broker comparison here too for more details!