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 [DIY] S&P 500 Index w/ 0.07% Annual Fee, Buy the best companies in the world

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TSalexkos
post Feb 26 2019, 10:15 PM, updated 2y ago

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Opening Speeech:
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Step-by-step hand-carry mode
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Total cost incurred: [Cheapest Route as at 19 May 2021]
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Fast Q&A [Last updated 19 May 2021]
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Ok thanks bye =)

postscript:
Bacalah “你能吗" in the attached pdf. Good luck!

Warren Buffet endorsed


John Bogle said yes


Forumer contribution


Yours Truly Personal Finance series - Start well, start early


12-Step Recovery Program for Active Investors


This post has been edited by alexkos: May 24 2021, 01:25 PM


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[Ancient]-XinG-
post Feb 26 2019, 10:39 PM

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Just add on.

SA not only SP500 yea.

TSalexkos
post Feb 26 2019, 10:48 PM

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QUOTE(Ancient-XinG- @ Feb 26 2019, 10:39 PM)
Just add on.

SA not only SP500 yea.
*
betul juga =)
Krv23490
post Feb 26 2019, 10:58 PM

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Good post bro!
l4nc3k
post Feb 26 2019, 11:29 PM

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Poor guy here, but working towards this direction too.

Just want to ask.. how do you actually practice DCA in this kind of investment? Because I assume every month transfer smaller amount of money is very inconvenient in this case (say around 1-2k ringgit / month), so probably will just transfer once every 6 months or even once every year.

Or sifus just accumulate wealth and only transfer when you think the index is underpriced?

Also if I have stash in captrader, do I get any growth like money market?

Thanks in advanced.
howszat
post Feb 26 2019, 11:34 PM

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So simple. We would all get rich in no time.
ChessRook
post Feb 27 2019, 07:20 AM

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For comparison, here are the stashaway fees:

0.8% annual fees (for amount below 50k)
0.1% for currency conversion


TSalexkos
post Feb 27 2019, 07:49 AM

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QUOTE(Krv23490 @ Feb 26 2019, 10:58 PM)
Good post bro!
*
Kamxia smile.gif
TSalexkos
post Feb 27 2019, 07:52 AM

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QUOTE(l4nc3k @ Feb 26 2019, 11:29 PM)
Poor guy here, but working towards this direction too.

Just want to ask.. how do you actually practice DCA in this kind of investment? Because I assume every month transfer smaller amount of money is very inconvenient in this case (say around 1-2k ringgit / month), so probably will just transfer once every 6 months or even once every year.

Or sifus just accumulate wealth and only transfer when you think the index is underpriced?

Also if I have stash in captrader, do I get any growth like money market?

Thanks in advanced.
*
Ya... Need min rm18 for each subsequent investment... If not, brokerage charge will kill us.

Dca into a cash management fund first... Once hit rm18k, then execute sxr8

Yes u can buy more when index is cheaper. But jack bogle is against market timing.

Captrader Germany trading account interest very low to no existence...

Remember ya, only hoot with money u can afford to set aside for quite some time

TSalexkos
post Feb 27 2019, 07:55 AM

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QUOTE(ChessRook @ Feb 27 2019, 07:20 AM)
For comparison, here are the stashaway fees:

0.8% annual fees (for amount below 50k)
0.1% for currency conversion
*
Does SA charge members annual fee of the fund they selected? Like additional 0.07% if they hoot sp500...
TSalexkos
post Feb 27 2019, 07:57 AM

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QUOTE(howszat @ Feb 26 2019, 11:34 PM)
So simple. We would all get rich in no time.
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No guarantee ya... If US market gg, then sp500 gg.... Then we gg in no time also
[Ancient]-XinG-
post Feb 27 2019, 08:02 AM

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QUOTE(alexkos @ Feb 27 2019, 07:55 AM)
Does SA charge members annual fee of the fund they selected? Like additional 0.07% if they hoot sp500...
*
Nope.

And don't forget etf can have tracking error.
l4nc3k
post Feb 27 2019, 08:06 AM

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QUOTE(alexkos @ Feb 27 2019, 07:52 AM)
Ya... Need min rm18 for each subsequent investment... If not, brokerage charge will kill us.

Dca into a cash management fund first... Once hit rm18k, then execute sxr8

Yes u can buy more when index is cheaper. But jack bogle is against market timing.

Captrader Germany trading account interest very low to no existence...

Remember ya, only hoot with money u can afford to set aside for quite some time
*
Just to make it clear, is it DCA consistently via instarem->any cmf in captrader, then switch to sxr8 when have ~4k euro in the cmf? In this case the DCA just to offset currency fluctuations am i right?


QUOTE(alexkos @ Feb 27 2019, 07:57 AM)
No guarantee ya... If US market gg, then sp500 gg.... Then we gg in no time also
*
Haha but to be fair if US gg then most probably the whole world won’t be doing well.

This post has been edited by l4nc3k: Feb 27 2019, 08:06 AM
Sumofwhich
post Feb 27 2019, 08:58 AM

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I'm using TOS, not sure if the SPY is better or this, any comments from you guys? Thanks!

SPY is around US$280, commission is $5 per transaction

This post has been edited by Sumofwhich: Feb 27 2019, 09:01 AM
TSalexkos
post Feb 27 2019, 11:36 AM

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QUOTE(l4nc3k @ Feb 27 2019, 08:06 AM)
Just to make it clear, is it DCA consistently via instarem->any cmf in captrader, then switch to sxr8 when have ~4k euro in the cmf? In this case the DCA just to offset currency fluctuations am i right?
*
oh, make it simpler..... every month u DCA into let's say FSM cash management fund first (ringgit)...

once reach RM18k then only convert one shot gooding?

TSalexkos
post Feb 27 2019, 11:38 AM

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QUOTE(Sumofwhich @ Feb 27 2019, 08:58 AM)
I'm using TOS, not sure if the SPY is better or this, any comments from you guys? Thanks!

SPY is around US$280, commission is $5 per transaction
*
ic....if want hoot SPY (nyse version), then use Just2Trade broker, you get some free trades (zero fee on your brokerage).

But, alex no recommend SPY, or any US domiciled SP500.

Reason? Trump will eat you 30% tax withholding on dividend. You rugi.

Join me SXR8. Eat 15% only
TSalexkos
post Feb 27 2019, 11:39 AM

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QUOTE(Ancient-XinG- @ Feb 27 2019, 08:02 AM)
Nope.

And don't forget etf can have tracking error.
*
nice.... yes please be noted on that also....

ETF can't mimick the actual SP500 100%..... but gooding d.....accuracy > 99%
kaiserreich
post Feb 27 2019, 02:02 PM

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I can see iShares SP500 being called as IVV in my TD ameritrade account.

Is it the same thing, or this one will kena 30% withholding tax?
Ramjade
post Feb 27 2019, 02:12 PM

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QUOTE(kaiserreich @ Feb 27 2019, 02:02 PM)
I can see iShares SP500 being called as IVV in my TD ameritrade account.

Is it the same thing, or this one will kena 30% withholding tax?
*
There's lots of ETF which track s&p500.
Only the ones listed on LSE domiciled in Ireland pay 15%. The rest pay 30%

This post has been edited by Ramjade: Feb 27 2019, 02:12 PM
Cactus89
post Feb 27 2019, 02:33 PM

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Just notice that this SXR8 has very low volume traded.
Liquidity problem arises when u try to sell it
And Spread between sell and bid will reduce your profit.


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