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 All about ETFs / Foreign Brokers, Exchange traded funds

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theanine P
post Sep 2 2020, 08:06 PM

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Hey guys. I am planning to invest more than 1 million in ETF (50% bond ETF and 50% stocks) in the future.

The ETF I would like the replicate Vanguard Lifestratrgy mutual fund with 50% equities and 50% bonds to get an average of 5-6% return with low volatility.

Is it Ok to use bank like CIMB, UOB, HongLeong, OCBC broker to buy ETF? I feel safer and its easier to convince my parents to invest with a bank broker than IB or Trading212.

I know bank is notorious for its high commission so i am wondering which bank broker should i go for to make low-cost indexing work?

theanine P
post Sep 2 2020, 09:18 PM

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Thanks for the suggestions!

I heard about Stashaway but I think it is good for small amount. But for big amount, I would rather use a reputable broker or bank. I dislike Stashaway 1% commission and its a robo-advisor so its a relatively new thing to put a big amount into it.

I will think about TD though, looks like a solid choice.

Also, i believe TD charge 30% dividend right? How would it affect the return? Or is there a plan to reinvest the dividend so i don't get taxed.

 

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