S&P 500 Index
Regular Shares Savings Plans (RSS)
Asked on 25 Jun 2019
I heard somewhere that I should choose a brokerage which provides good fees. Certain brokerages are better when investing in the US market so on and so forth, hence anyone has any recommendations for the US S&P500? Thanks!
Hi guys. Try the app - my wall st on android or iOS . they are US based and have their own brokerage based in the US - they allow fractional share investing and the commission is like 0.99 per trade. Foreigners are eligible and setting up the account is easy and just 5 dollars.
The common brokers brandished here are Td Ameritrade and interactive brokers. Both will allow you to access the US market. I'm using TD Ameritrade personally and I find it very user friendly, with a great charting tool. There are no inactivity, custodian or data feed fees as well.
Based on what i know, you can't invest on S&P 500 ETF on a monthly basic.
The alternative is to invest in a Unit Trust fund that invest directly into S&P 500 index.
The unit trust name is Infinity U.S. 500 Stock Index Fund.
You can invest this on POEMS platform from $100 per month and there are no sales charges, switching fee and platform form.
However, do noted that you have to first invest $1,000 into this fund as that is the minimum investment amount required before you can commence your monthly investment.
Hope that help.
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