FSM INVEST EXPO 2020
S&P 500 Index
Asked on 14 Jan 2020
If I'd like to get a simple index funds / ETF to just buy S&P500, should I just get the "Infinity US 500 stock index SGD"
or via some Roboadvisor ?
In terms of cost, isn't it more cost effective to just get the index funds ? buy and hold for long term ?
Hold on. Please get the Irish domiciled S&P500 instead. Those have more favourable dividends withholding tax treatment (15% tax instead of 30% tax), for a marginal increment in total expense ratio. You will be looking at VUSD or CSPX for ticker.
3 more comments
22 May 2020
If you just want to buy and hold the S&P500, consider buying into an Etf that does so with low fees - either VOO or IVV https://stockanalysis.com/what-is-the-best-sp500-etf/. Either of these cost about 0.04% a year which is a fraction of infinity's annual fees. Avoid infinity unless you like paying for convenience (traded in sgd).
Do avoid s27 that is listed on the sgx as it does not have good liquidity. May be an issue when it comes to selling off your holdings.
For robo advisory, you can't really choose the etfs so you will end up with a mix of different ones, depending on your risk profile.
1 more comments
15 Jan 2020
Just buy SPDR S&P 500 (SPY) through a brokerage. It is the best ETF tracking S&P 500 and it is also highly liquid. You cannot just buy a single ETF through robo-advisors, unless you use Kristal.AI, which allows users to build up portfolio.
Hey there, I honestly think you are much better off just buying S&P500 - Technically itself is already a "fund". Buying through other funds means more commissions and fees involved. You can actually open a US brokerage account, such as Interactive Brokers which charges like 1USD comms. Way more logical!
If you just want S&P500, then it is better you buy directly from US exchange instead of through a robo advisor or infinity fund.
The infinity fund charges extra fee on top of commission and the S&P500 ETF fees.
Getting from a provider is cheaper than roboadvisor. Besides fundsupermart, you can also buy such ETFs from other providers like Vanguard. However compare the cost of the fees charged by each provider before deciding to choose one. Theone offering the cheapest fees should be the one you can go for.
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