S&P 500 Index
Asked on 26 Mar 2020
Should I invest through the Infinity US 500 index fund or through an ETF?
I’m thinking that investing every month through an ETF using Saxo would be more costly than through the Infinity US 500 index fund. Can I get some help? Thank you
-TD Ameritrade U.S. branch (no! trading fees, no account maintenance fees, no quarterly paper statement fees)
-converting sending SGD to USD to Ameritrade via TransferWise (do not convert by Your bank)
-all dividends, however, subject to 30% U.S. withholding tax then
3 more comments
11 May 2020
Try Interactive brokers for domiciled S&P500 ETF
Hi as the amounts per month would be relatively small (don't get me wrong, I'm referring to whether it's economical or not), it would be better IMO to do the investments in batch if you must really invest in S&P 500.
Let's say every 3 months interval, you would have $1050.00 to invest which would be more economical. This is because brokerages charge a commission when you buy through them.
Another thing to note is where the ETF is listed and also whether you want an accumulating (dividends reinvested)or distributing (dividends distributed) version.
Do take note, those distributing ETFs listed in US stock exchanges are subjected to a withholding tax of 30%. Hence, ETFs domiciled in the UK is worth looking at cause they are not subjected to 30% withholding tax. Hope this helps! 🤗
4 more comments
26 Mar 2020