15 Sep 2020
I’m looking to purchase the SPY500 ETF. But I’m looking at an accumulating ETF instead of a dividend ETF, does this mean there is essentially no difference if i buy SPY500 on NYSE compared to on the LSE?
I understand that there is a 30% withholding tax for ETFs and people advise going to Ireland domiciled ETFS. Given my intent in accumulating ETF instead of a dividend ETF, what would you advice?
I believe u mean the s&p500 etf, there are a different variety of companies that offer these etfs, spy is just the most famous one from state Street. What majority of investors here recommend would be Irish-domiciled accumulating etfs, like CSPX or VUAA. There are no accumulating etfs listed in the US.
Also, do note that there will be dividend tax no matter accumulating or distributing.
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