S&P 500 Index
Asked by Anonymous
Asked on 04 Jan 2020
What platform should I go through to invest in S&P 500? How do I go about doing this? What's the most cost-effective way to invest in the S&P 500?
Open a brokerage account from any regulated broker with strong regulatory nations such as Singapore and the US, and you can then invest in any ETF or mutual fund that tracks the performance of the S&P 500.
Open a US brokerage account and you are all set brother. Much lower commissions as well and you get to buy it directly.
Open a foreign brokerage such as TD ameritrade ot interactive brokers, look for an S&P 500 etf and buy it.
Otherwise you cak check if vanguard offers a similar fund to this and purchase it
S&P 500 is listed in Singapore market as well. Though its not really liquid but the ease of access is present.
Top Contributor (Jan)
Set up a brokerage account with US market access and just buy it directly.
Get an account like TD and trade. Their commission are much lower compared to using local brokerage. You can go for leveraged counters like UVXY, VXX as some examples
Simplest way is just invest US domiciled S&P 500 ETFs from any local brokerage but comes with higher fees and higher withholding dividend tax.
Better way is to invest with Standard chartered and buy Ireland domiciled S&P 500 listed on the London stock exchange which have slightly lower fees than other local brokers and reduced the withholding dividend tax from 30% to 15%. Interactive brokers is good as well but charge minimum activity fees of $10 per month if you have less than 100k USD with them. But trading commission fees is part of the $10. So if you have $5 trading fees on a particular month, you only have to pay $5 for minimum activity fees.
Open a brokerage account with either Td Ameritrade or interactive brokers. Avoid the local brokers as they charge hefty fees.
You can find a list of ETFs that track the S&P500 here: https://etfdb.com/index/sp-500-index/