Hi guys, how about just using Etoro and buying S&P500?
[DIY] S&P 500 Index w/ 0.07% Annual Fee, Buy the best companies in the world
[DIY] S&P 500 Index w/ 0.07% Annual Fee, Buy the best companies in the world
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May 5 2020, 09:04 AM
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#1
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Junior Member
73 posts Joined: Dec 2007 |
Hi guys, how about just using Etoro and buying S&P500?
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May 5 2020, 06:28 PM
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#2
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Junior Member
73 posts Joined: Dec 2007 |
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May 8 2020, 06:29 PM
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#3
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Junior Member
73 posts Joined: Dec 2007 |
QUOTE(tadashi987 @ May 6 2020, 04:30 PM) understood, my concern is that usual investor e.g. Julian2103 wont know the bid spread is to high that contribute to their commission, also normal investor account opening first intention is to trade normal investment with closest bid spread according to market. Your concern is absolutely spot on. I did not know what they were trading CFD. And sadly I don't even know what does high bid spread mean.That's why every time people talk about etoro, they never knew they are trading CFD, let alone the high bid spread. also a lot etoro paid "influencer" like to promote etoro can be used to trade normal share but they never bother to further elaborate that 1) you need to write to CS to switch your account regulation 2) never tell your account is default opened as CFD enabled only account 3) never bother to explain the bid spread logic behind so a lot people fall for it and that's why i felt such marketing is very fishy and a bit unethical in my sense, personal two cents |
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May 8 2020, 06:29 PM
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#4
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Junior Member
73 posts Joined: Dec 2007 |
QUOTE(tadashi987 @ May 6 2020, 04:30 PM) understood, my concern is that usual investor e.g. Julian2103 wont know the bid spread is to high that contribute to their commission, also normal investor account opening first intention is to trade normal investment with closest bid spread according to market. Your concern is absolutely spot on. I did not know what they were trading CFD. And sadly I don't even know what does high bid spread mean.That's why every time people talk about etoro, they never knew they are trading CFD, let alone the high bid spread. also a lot etoro paid "influencer" like to promote etoro can be used to trade normal share but they never bother to further elaborate that 1) you need to write to CS to switch your account regulation 2) never tell your account is default opened as CFD enabled only account 3) never bother to explain the bid spread logic behind so a lot people fall for it and that's why i felt such marketing is very fishy and a bit unethical in my sense, personal two cents |
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Oct 26 2020, 10:43 PM
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#5
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Junior Member
73 posts Joined: Dec 2007 |
Hi guys, ima little confused. I’ve signed up for both instarem and ts global as per the front page. But from reading further, it’s also advisable to get a Singaporean bank account? Can I just fund my account using instarem/bigpay and withdraw next time to my Maybank?
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Oct 26 2020, 10:47 PM
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#6
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Junior Member
73 posts Joined: Dec 2007 |
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Oct 26 2020, 11:55 PM
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#7
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Junior Member
73 posts Joined: Dec 2007 |
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Oct 27 2020, 02:37 PM
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#8
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Junior Member
73 posts Joined: Dec 2007 |
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Oct 27 2020, 04:01 PM
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#9
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Junior Member
73 posts Joined: Dec 2007 |
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Oct 27 2020, 04:26 PM
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#10
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Junior Member
73 posts Joined: Dec 2007 |
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Oct 27 2020, 05:12 PM
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#11
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Junior Member
73 posts Joined: Dec 2007 |
QUOTE(Ramjade @ Oct 27 2020, 04:40 PM) No cause I have not figure out how to withdraw money from trading212 without incurring expensive bank fees = less money coming back to me. Yup exactly the reason holding me back. The interface and the app and everything is just so clean and appealing though. What a shame. |
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Oct 27 2020, 07:10 PM
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#12
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Junior Member
73 posts Joined: Dec 2007 |
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Nov 16 2020, 11:20 PM
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#13
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Junior Member
73 posts Joined: Dec 2007 |
Hey guys, there are many S&P 500s listed on LSE. Im confused whats the difference between them all. For instance: VUSA, CSP1, CSSPX, SXR8. Can anyone enlighten me? Thanks!
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Nov 17 2020, 06:34 PM
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#14
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Junior Member
73 posts Joined: Dec 2007 |
QUOTE(polarzbearz @ Nov 17 2020, 12:04 AM) Take example of CSP1, CSPX, CSSPX, SXR8 Thanks a lot. I find the IB website clunky to use. Learning my way around it.https://www.justetf.com/en/etf-profile.html...in=IE00B5BMR087 ![]() Essentially the same thing but listed in different stock exchanges with different currency, different volume/liquidity, and sometimes different price. These are domiciled in Ireland (hence lower WHT compared to US) This post has been edited by Julian2103: Nov 17 2020, 06:35 PM |
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