What is the cheapest way to invest in ETF outside of Singapore? - Seedly
 

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Asked by Anonymous

Asked on 06 Apr 2018

What is the cheapest way to invest in ETF outside of Singapore?

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Kenneth Lou
Kenneth Lou
Level 8. Wizard
Answered on 10 Apr 2018

I would consider using Robo-advisors... It gives you a model portfolio of overseas ETFs which allow you to invest in a low cost manner.

However, word of advice! Be ready to stomach market movements up and down and also, think about the longer term! (eg 10 years) Also, please read in detail what the ETFs comprises of before investing (they will give you a breakdown of the ETFs that your portfolio comprises of eg. US, Asia Ex-Japan, Etc.)

But I would highly recommend you to read a few things:

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Gabriel Tham
Gabriel Tham, Tag Team Member at Kenichi Tag Team
Level 8. Wizard
Answered on 26 Sep 2018

You can try interactive broker or if you prefer a local bank can try standard chartered.

Please take note US stocks and ETFs have 30% withholding tax on dividends too.

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Yeap Ming Feng
Yeap Ming Feng
Level 5. Genius
Answered on 07 Apr 2018

Hey! There are a brokers to do so. Interactive brokers, IG and brokerage houses like the above that allows you to trade overseas market.

The step to go about will be: 1) Identify the ETF you want to invest in 2) Identify the exchange that it is traded on 3) Find the appropriate brokerage. DBS vickers for example, allows you to use invest in overseas exchanges. All you need to do is to apply for it. People use Interactive brokers and such to cater to their needs at times too, such as lower fees. Do take note that some of those are custodians.

Do check this article out: https://blog.seedly.sg/years-investing-local-overseas-brokers/

Might help. :)

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I will not use robo advisers as I don't believe it paying them a fee. I can invest ETF directly and save on fees. I can also decide to invest on whichever ETF I like.

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Kenneth Lou
Kenneth Lou

on 17 Aug 2018

That's actually a good point :) If you know where to buy them and which ETF you want to directly invest in. Makes sense :)

The cheapest will be DIY using Interactive Broker.

You will have full control of your position and prior to the position u already had a plan.

The cost are costly when you do not have a plan and pay a price for it.

Fail to Plan result in Plan to Fail.

Upvote for me if you find my reply have Quality.

Thank you.

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Jonathan Chia Guangrong
Jonathan Chia Guangrong, Fund Manager at JCG Fund
Level 6. Master
Answered on 15 Sep 2018

Firstly I'm gonna assume you have already identified the Etf you want to buy into and it is listed in the US market (most liquid place for etfs). Consider opening a thinkorswim account or an interactive brokers account. Both will give you access to the US market at one of the most competitive rates you can find. Believe IB can access other markets as well, but you'll need 10k usd to open an account

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JianHao Soo
JianHao Soo
Level 4. Prodigy
Answered on 15 Sep 2018

I have recently started an account with Maybank Monthly Investment Plan which provides $0 commission for 12 months (promo available during a roadshow) - which I feel it's pretty good for me to RSP ETF at $0 cost. This includes Nikko AM STI ETF which DBS charge 0.82%.

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Gabriel Lee
Gabriel Lee
Level 6. Master
Updated on 07 Jun 2019

The easiest way is through the use of robo-advisors (Stashaway/AutoWealth/Smartly) which charges different fees depending on how much you invest with them. However, the downside is that you're unable to choose the ETFs that you would like to invest in. On the other hand, if you know which ETF you would like to invest in, you can do so directly and you might even save on some fees.

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Loh Tat Tian
Loh Tat Tian

Updated on 24 Aug 2018

I found by adjusting my risk level, I'm able to selectively select the composition i wish to put into (etc, if current fund from inception earns XX%, You can force sell by choosing a less / more risk component. However, take note to check properly what funds you want based on their risk profile.