All about ETFs / Foreign Brokers, Exchange traded funds
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 Apr 9 2022, 12:21 PM
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#1
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Senior Member
1,861 posts Joined: Feb 2008 From: Selangor  
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I'm a new investor and I'm getting like different answers from different people. I want to invest into S&P 500 ETFs. There are people who say use IBKR and get Irish Domicled because less tax, but I also got people telling me that I can just use FSM to buy US ETF's as they're not taxed.
So I'm really confused at the moment. |
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Apr 9 2022, 01:34 PM
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#2
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Senior Member
1,861 posts Joined: Feb 2008 From: Selangor
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QUOTE(sgh @ Apr 9 2022, 12:40 PM) The tax they are talking about is tax on dividend I think. What is dividend you can google for answer. Not all ETF has dividend. In fact US are mainly for capital gain you want dividend you sell some shares to simulate as dividend. The reason why IBKR is so supported is you buy US stock pay 35 cents fee for each trade whereas using FSM it is a whole lot more. So DCA using IBKR is cheap. Use FSM alot.  QUOTE(Ramjade @ Apr 9 2022, 01:08 PM) Yes. That's right. If you buy us stuff you get 30% tax in dividend. Thank you for the info!But if you buy Ireland domiceld etf from LSE, your dividend tax only 15%. If you are not trading not an issue buying LSE. But if you are trading best is go buy spy. This post has been edited by siles1991: Apr 9 2022, 01:35 PM |
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