facebookI have around $500 to invest monthly. Looking to do an FSMOne RSP into VOO or VT, or should I just go with a robo-advisor? Thinking about the costs incurred by both and if it is a long-term option.? - Seedly

Anonymous

28 Aug 2020

General Investing

I have around $500 to invest monthly. Looking to do an FSMOne RSP into VOO or VT, or should I just go with a robo-advisor? Thinking about the costs incurred by both and if it is a long-term option.?

Also should I just save up more and do DCA 6 times a year for Irish-Domiciled ETFs on SCB/IB, like a IWDA or VWRA? Read that investing in NYSE will incur more costs long term than in LSE.

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Excellent choice to invest periodically 500 $. Yes, possibly VT or SWRD is all you need. The higher the dividend yield of your ETF the more relevant differences in U.S. (30%) versus Ireland (15%) withholding tax. But then you should also calculate in differences in trading fees and other fees of your broker (custody, account maintenance ...) for non-U.S. ETFs. TD Ameritrade (also Singapore branch) currently has no (0.00 USD) trading or other relevant fees, for U.S. stocks/ETFs, other brokers will follow.

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