facebookShould I wait to have a minimum lump sum to start an IB account so I can invest in S&P500 or start right away with FSMone and then transfer to IB when I have enough? - Seedly

Tim

21 Jun 2020

General Investing

Should I wait to have a minimum lump sum to start an IB account so I can invest in S&P500 or start right away with FSMone and then transfer to IB when I have enough?

Discussion (1)

What are your thoughts?

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Hello Tim. You can open Kristal account and invest your money into their ETF. They do not charge any commission for your first US$50,000.

Nicholas Beh

19 Jun 2020

Student Ambassador 2020/21 at Seedly

Depends how much you are investing per month. Irish-domiciled ETFs have 15% withholding tax vs 30% on US-domiciled ones, which can add up in the long run. IBKR's only problem is the minimum commission of 10 USD per month.

Yeah you are right. Would you think that I should just pick a US-domiciled one like VOO or IVV in FS...

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