Rusmin, FYI. You do have a US subscriber. I love your channel and I just watch for the general investment philosophy since I don’t know the Singapore stock market. There are enough ideas for investment in the US market. Thank again to the team for your service. Love the accent!
I invest only in Irish domiciled ETFs for my US allocation to avoid the risk of US estate duty and withholding tax. Not just for stock based ETFs but also for bonds ETF.
What is the fees that we need to look into for IBKR? I look at their pricing examples and need to pay market data fee, round trip trade fee, etc... It could be quite a substantial amount to maintain to hold the ETF.
IBKR charges US$1.70 minimum for USD-denominated trades on the London Stock Exchange. Live market data fees are optional. Round trip fees are simply a buy and sell trade, so a round trip trade is simply twice that for a single trade. Hope this helps! www.interactivebrokers.com/en/pricing/commissions-stocks-europe.php
It depends on what you prefer. Lump sum investing offers potentially higher returns, but carries the risk of market timing. DCA reduces this risk by spreading investments over time, providing more stability during volatile periods.
Great video as usual. Question - I have been wanting to switch my SPY to CSPX - since both SPY and CSPX mirror SPX, does it make sense to just sell the SPY and immediately use the proceeds to buy the CSPX on the same day ? Similarly, the Ireland Domicile for QQQ would be CSNDX?
Depending on your fund size, you can also stagger your transfer from SPY to CSPX. It's really your personal preference. Yes, an Irish-domiciled equivalent for the QQQ would be CNDX. However, the dividend yield for the QQQ is much lower, so you might not save much in terms of withholding tax.
Understand the rationale to choose Irish-domiciled over ETF domiciled in US. Curious though - Does the same advantage applies for ETF domiciled in other countries such as China/ Thailand?
It depends on the country's tax laws and its tax treaty with your resident country. For example, China has a 10% dividend withholding tax, but it could fall to 5% if your resident country has a tax treaty. taxsummaries.pwc.com/peoples-republic-of-china/corporate/withholding-taxes
Great content. thank you! this solves one of my worries. I am now thinking that I should (over time, as I am not young!) sell individual US stocks and buy ETFs which won't attract estate duties. can you do a feature on such ETFs?
Thanks, guys. It’s really so nice of you to educate people like myself on this. I always learn so much from your videos. Keep it up. Just to double check regarding SPLG, are you referring to the etf currently trading at around 62.50 ?
expense ratio is too high for udvd at 0.35% and is dividends are distributing and not accumulating like cspx. Either way both UDVD and GGRW doesn't track S&P 500 so is not a CSPX alternative
CNDX is listed on the London Stock Exchange which IBKR has access to. You may want to check again. www.interactivebrokers.com/en/pricing/commissions-stocks-europe.php?re=europe
Yes, commissions on IBKR are US$0.35 minimum for NYSE and US$1.70 for LSE. This difference will only matter if you're investing very small amounts each time.
I lump sum into cspx in year 2022 if i not wrong just because of seeing finance youtubers talking about it. After purchasing, the cspx price drop and i was in a negative for about a year, but i didnt bother, just left it there as they were my extra funds. Come 2024, cspx has now increase almost 30 percent of its price and now i am ahead at 30 percent haha.. Now just thinking whether should do another lump sum.
What about those options offered by Endowus, its more expensive ? I presume its also subjected to dividend withholding and estate taxes like US domiciled.
Hello, Thanks for the video. I started investing in VUAA, but now just thinking about it as it is in LSE(UK). I read that there is a 10% capital gains tax in UK, In that case how should we manage the filing of tax. Just worried that it may affect my withdrawal. Thanks
VUAA is Irish-domiciled; Ireland is not part of the UK. In any case, there is no capital gains tax on UK stocks for non-UK residents: www.gov.uk/capital-gains-tax/what-you-pay-it-on
Hey Team, but if I were to DCA small amounts (100 SGD) every month into S&P500 ETF, would it be advisable to buy US domiciled ETF using brokerage that have free US trade?
Hi Grace, at smaller amounts it'd be better to invest quarterly or semi-annually to save on brokerage fees. We'd still go with an Irish-domiciled ETF over a U.S. one.
In your video you are recommending the CSPX etf, as the most suitable SPY type of etf for foreigners because it accumulates the dividends and also has a lower dividend tax of 15% in Ireland, as well as has a lower expense ratio of 0.07% instead of 0.09% of the SPY proper. However, you missed the most negative aspect about CSPX etf. Since CSPX is domiciled in Ireland, there is an Irish exit tax of 41% on the CSPX gains. For example, if you buy CSPX and hold it for 5 years and then decide to sell it, assuming that your gains are 100,000 USD, you will pay an exit tax of 41,000 USD. SPY has an annual dividend of about 1%. So, the US dividend tax, which is 30% on the dividends of about 1% would be about 0.3%. So, you are recommending how to save pennies of 0.3% and ignore the thousands and thousands of the 41% exit tax, which is implemented to foreigners as well.
The 41% exit tax only applies to Ireland residents, NOT foreign investors. www.independent.ie/business/non-resident-investors-dont-have-to-pay-41pc-exit-tax-on-etfs-ireland-locals-are-liable-for/a736014697.html
Thanks for your video on SPY comparison. Could you do a video for QQQ? I find CNDX as the next best alternative to QQQ however it seems Interactive Brokers don't offer this product in their platform. The closest I could find is CSNDX (listed in swiss exchange but Irish domicile ETF). Not sure what's the difference between CNDX and CSNDX. Would like to hear your thoughts and alternate QQQ ETF suggestions? Thanks, huge fan of your video. I watch each of them when they are released for 4 years now 😊
Thank you for your information and sharing. If US ETFs and stocks are purchased and held from a joint trading account, if one of them dies, will the other inherit directly without having to pay estate tax?
Technically, the proportion of assets owned by the deceased in the joint account is still subject to estate tax in the event of passing. money.stackexchange.com/questions/149317/taxes-on-joint-tenants-with-rights-of-survivorship-stock-brokerage-account-upo www.bogleheads.org/forum/viewtopic.php?p=4375485#p4375485
What is the best to buy and which platform to purchase? This is for non US citizen and plan to do a long term accumulative for 10-15 years. What is best way? Inject monthly a fix amount or now is good to pump in sum like 100k and let it sit
Hi Adam, Rusmin and Victor, if the US shares are held in a joint account and if one accound holder passes on, would the other account holder be subjected to estate duties?
Yes, from what we know, the proportion of assets owned by the deceased in the joint account is still subject to estate tax in the event of passing. money.stackexchange.com/questions/149317/taxes-on-joint-tenants-with-rights-of-survivorship-stock-brokerage-account-upo www.bogleheads.org/forum/viewtopic.php?p=4375485#p4375485
Will ticker symbol "IVV" under Australian Securities Exchange Ltd (ASX) comparable too? Australia-Singapore Tax Treaty dividend income come at 15%, with ETF Management Fee at 0.04% and under Dividend reinvestment Plan (DRIP) too.
For SRS, the only S&P 500 options are S27 (which is domiciled in the U.S.) or the iShares US Index Fund (which is a synthetic ETF) through Endowus. www.sgx.com/campaign/etf-investing-srs endowus.com/insights/how-invest-s-p-500-index-singapore
Hi, why wasn't the spread and transaction fees, amount invested each time, brokers (e.g. IBKR) factored in? I figured that would have been more holistic, i think this might potentially skew the decision depending on the different variables?
I’m following for sometime and has same performance. I was subscribing VUAA for a year now but this month just started buying SPYL from now onwards. My doubts if you can help me is: 1) should i sell VUAA and reinvest all with profits in SPYL, or 2) maintain VUAA and continue buying SPYL. Keep up the good work.
You could do that so someone else maintains access to your brokerage account. Technically, the proportion of assets owned by the deceased in the joint account is still subject to estate tax in the event of passing. money.stackexchange.com/questions/149317/taxes-on-joint-tenants-with-rights-of-survivorship-stock-brokerage-account-upo www.bogleheads.org/forum/viewtopic.php?p=4375485#p4375485
@@TheFifthPersonChannel I am biased toward JEPQ. 8.80% dividend yield vs SPY 1.34% SPY ETF has larger basket of holdings. These newer ETFs like JEPQ and many others now concentrate more into 80-100 companies vs 500 companies
I am a subscriber from the US. There are many tech ETFs such as QQQ and one from Vanguard I like, VGT. Not sure if you can get STK, it’s a Closed End Fund with a distribution of around 6%, and 10-year total return of close to 20%. I own this CEF.
Cspx vuaa since they are accumulating, i dont even pay 15% dividend tax..zero dividend tax, correct ? 0.07% commision is only based on initial invested amount or each year can be different depending on the total amount of etf ? Tks
Hi, great content, i still have no idea after repeat the video and still don understand, as a Singaporean, if spy is to avoid, can you please advise me which etf is able to avoid any fees so that able to pass on to my spouse or child where i am gone. Waiting for your kind reply. Also which broker to use
There's an initial charge of up to 2% according to their webpage. It's best to email Lion Global Investors directly to ask about dividend withholding tax and U.S. estate taxes for their funds. www.lionglobalinvestors.com/en/fund.html?officialNav=IUSS#information
Guys this is good information. A 40% estate tax on US stocks is quite frankly mindboggling. However, I check with my stock broker (a local company), and they that the US stocks held in their brokerage should not be subject to the estate tax. Is that the case?
No, all U.S.-based assets including U.S. stocks are subject to estate tax. www2.deloitte.com/content/dam/Deloitte/us/Documents/Tax/us-tax-us-estate-and-gift-tax-rules-for-resident-and-nonresident-aliens.pdf
Hi there. Do you guys know about a new S&P500 Irish Domiciled ETF? It’s called SPYL, with a much lower expense ratio of 0.03%. But this ETF is traded on EBS and AEB only. I need an expert like you guys to analyze through this ETF whether it’s valuable for the long run since it is quite new as well. I would be thankful if you are willing to make a video regarding this. Much appreciated thanksss😊
How about setting up a Singapore company to hold US equities since it’s legally a separate and perpetual entity? Put wife and kids as directors in case you up the lorry. Of course, there are maintenance costs but negligible compared to US estate tax esp when portfolio is $1 million and above. Will the above work?
That could work if your fund size justifies the running costs. You will need to justify that your gains are not of an income nature to avoid the 17% corporate tax.
1. I use the Superhero app to invest. Can you do a video on this app? E.g. pros and cons. Also, this app only has the Australian and American stocks available. 2. I live in Australia. Can you do a video on the best ETF if I live in Australia?
Are there any irish counterparts ETF for FTEC, QQQM, VTV? The holdings Not necessarily have to be the same, at least 80-90% similar will do I have found some, IUIT for FTEC, R1VL for VTV. What do u guys think?. Thx and cheers from Malaysia
For irish domicilled etf. Only IKBR have. But they have the annoying currency exchange cost. Its expensive. So not that worth for people investing sub 1k a month.
IBKR's foreign exchange rates are one of the lowest in the brokerage industry. You can also invest quarterly/semi-annually to reduce transactions costs.
Yes, there's a US$2 minimum fee when exchanging currencies on IBKR, but its forex spreads are among the lowest. So you're right that it doesn't make sense at small amounts; it's better to accumulate and exchange/invest larger amounts at wider frequencies. In any case, the U.S.-domiciled SPY and the Irish-domiciled CSPX both trade in U.S. dollars, so you need to make the exchange anyway.
@@TheFifthPersonChannel thanks for the quick reply. Not too sure but why are mega investors such as adam khoo in Voo instead og CSPX? Really am confused about that.
If the objective is long term investing (aka like a savings account) and liquidity is not that crucial, the synthetic replicating UCITS I500 Swap ETF (S&P500) and UCITS EQQS Swap ETF (Nasdaq) are great candidates because they do not incur dividend withholding tax due to the non-dividend distributing nature of the underlying assets.
I have a 3 fund portfolio but I have finally decided to invest in ETFs, alongside. I’m looking at SCHD, VOO, XLK or SCHG.
Thank you Adam, Rusmin and Victor. This was great as always, looking forward to your next informational recording!
You're most welcome, Alex!
Where can we invest CSPX or VUAA? First time of hearing these ETFs.
CSPX and VUAA are listed on the London Stock Exchange. You will need a broker which gives you access to the LSE. Hope this helps!
Can discuss about leveraged etf like ndxl, spyu, 2brk etc?
The accumulating version of SPY5 is SPYL.
If I’m investing in long term, is there any real meaningful differences between all these and CSPX?
Thank you! The main difference would be fees with SPY5/SPYL at 0.03% and CSPX at 0.07%.
Rusmin, FYI. You do have a US subscriber. I love your channel and I just watch for the general investment philosophy since I don’t know the Singapore stock market. There are enough ideas for investment in the US market. Thank again to the team for your service. Love the accent!
Thank you for following our channel all the way from the US! Glad you like the accent lah!
I invest only in Irish domiciled ETFs for my US allocation to avoid the risk of US estate duty and withholding tax. Not just for stock based ETFs but also for bonds ETF.
HI Thanks ,Can Discuss about SPYL ?
Mayb it will be good to do another video for best broker to buy Irish dom etf every month for DCA
Should I take out my endowus money and put it into cspx
What is the fees that we need to look into for IBKR? I look at their pricing examples and need to pay market data fee, round trip trade fee, etc...
It could be quite a substantial amount to maintain to hold the ETF.
IBKR charges US$1.70 minimum for USD-denominated trades on the London Stock Exchange. Live market data fees are optional. Round trip fees are simply a buy and sell trade, so a round trip trade is simply twice that for a single trade. Hope this helps!
www.interactivebrokers.com/en/pricing/commissions-stocks-europe.php
What about SPYL (since October 23), accumulation ETF, Irish domicile, traded in usd in Swiss market, with 0.03 expense ratio ?
Yes, you can consider SPYL as well. It is also traded on the London Stock Exchange
Would SPLG be the best option if you want to do covered calls on your positions over the long run?
Is there any insurance coverage on our securities when we invest in Ireland Domicile?
What insurance coverage are you referring to? SIPC?
@@TheFifthPersonChannel yes, thinking if there is something of that equivalent to protect our investments.
Sure! You may like to read this thread: www.bogleheads.org/forum/viewtopic.php?t=216237
Other than expense ratio what is the pros of buying splg
Which is better for long term hold, CSPX or VUAA ?
They're essentially the same.
Hi, is lump sum or DCA better for CSPX?
It depends on what you prefer. Lump sum investing offers potentially higher returns, but carries the risk of market timing. DCA reduces this risk by spreading investments over time, providing more stability during volatile periods.
Great video as usual. Question - I have been wanting to switch my SPY to CSPX - since both SPY and CSPX mirror SPX, does it make sense to just sell the SPY and immediately use the proceeds to buy the CSPX on the same day ? Similarly, the Ireland Domicile for QQQ would be CSNDX?
Depending on your fund size, you can also stagger your transfer from SPY to CSPX. It's really your personal preference.
Yes, an Irish-domiciled equivalent for the QQQ would be CNDX. However, the dividend yield for the QQQ is much lower, so you might not save much in terms of withholding tax.
@@TheFifthPersonChannel Thanks! I am more concerned with the estate tax re QQQ as well..
Understand the rationale to choose Irish-domiciled over ETF domiciled in US. Curious though - Does the same advantage applies for ETF domiciled in other countries such as China/ Thailand?
It depends on the country's tax laws and its tax treaty with your resident country. For example, China has a 10% dividend withholding tax, but it could fall to 5% if your resident country has a tax treaty.
taxsummaries.pwc.com/peoples-republic-of-china/corporate/withholding-taxes
Great content. thank you! this solves one of my worries. I am now thinking that I should (over time, as I am not young!) sell individual US stocks and buy ETFs which won't attract estate duties. can you do a feature on such ETFs?
Hi! Great content! If I reside in Singapore and buy any US listed ETF, shall I pay estate taxes too?
Yes, US-domiciled ETFs are subject to US estate tax
Thanks, guys. It’s really so nice of you to educate people like myself on this. I always learn so much from your videos. Keep it up. Just to double check regarding SPLG, are you referring to the etf currently trading at around 62.50 ?
Yes, SPLG is currently trading around US$62
Does this matter if you're trading stock options instead of investing?
Doesn't matter. It's just a different strategy altogether
Which platform is best to buy CSPX?
You can consider Interactive Brokers, Saxo Markets.
How about other CSPX alternatives? UDVD ? GGRW?
expense ratio is too high for udvd at 0.35% and is dividends are distributing and not accumulating like cspx. Either way both UDVD and GGRW doesn't track S&P 500 so is not a CSPX alternative
Which brokerage can we buy CNDX? I tried IBKR but it doesn’t have. Appreciate if anyone can share their experience.. thanks
CNDX is listed on the London Stock Exchange which IBKR has access to. You may want to check again.
www.interactivebrokers.com/en/pricing/commissions-stocks-europe.php?re=europe
V helpful & all-rounded discussion. Thanks! Hopefully there will a video on whether is it better to invest via stock mkt or fund mgr like Endowus..
depends on urself. lazy + have cash use fund managers. no money + interested + willing to learn = invest in stock market urself
Have you factored in the brokerage/transaction fees?
Yes, commissions on IBKR are US$0.35 minimum for NYSE and US$1.70 for LSE. This difference will only matter if you're investing very small amounts each time.
I lump sum into cspx in year 2022 if i not wrong just because of seeing finance youtubers talking about it. After purchasing, the cspx price drop and i was in a negative for about a year, but i didnt bother, just left it there as they were my extra funds.
Come 2024, cspx has now increase almost 30 percent of its price and now i am ahead at 30 percent haha..
Now just thinking whether should do another lump sum.
Good to know!
Any withholding tax and inheritance tax for foreigners who invest in VOO?
Yes, VOO is U.S.-domiciled.
What about those options offered by Endowus, its more expensive ? I presume its also subjected to dividend withholding and estate taxes like US domiciled.
It's best to email Endowus directly to ask about the dividend withholding and estate taxes for their funds.
Great sharing as usual! I learned a lot. Thanks! 😁
You're most welcome!
Hello, Thanks for the video. I started investing in VUAA, but now just thinking about it as it is in LSE(UK). I read that there is a 10% capital gains tax in UK, In that case how should we manage the filing of tax. Just worried that it may affect my withdrawal. Thanks
VUAA is Irish-domiciled; Ireland is not part of the UK. In any case, there is no capital gains tax on UK stocks for non-UK residents: www.gov.uk/capital-gains-tax/what-you-pay-it-on
Thanks for the prompt reply
Hey Team, but if I were to DCA small amounts (100 SGD) every month into S&P500 ETF, would it be advisable to buy US domiciled ETF using brokerage that have free US trade?
Hi Grace, at smaller amounts it'd be better to invest quarterly or semi-annually to save on brokerage fees. We'd still go with an Irish-domiciled ETF over a U.S. one.
thank you for sharing and will be looking at the some alternate investment
Thanks for watching!
Hi, could you give your view about isac?
We'll have a look!
Would you mind sharing what brokerage the three of you use for your stocks?
We have a few accounts: Interactive Brokers, Saxo Markets, FSMOne, Moomoo, Tiger Brokers, etc.
Which is the best broker?
is it similar for QQQ too? in terms of withholding & inheritance/estate tax?
The QQQ tracks the Nasdaq-100 which is a different index. QQQ is U.S.-domiciled, so it has a 30% dividend withholding tax and U.S. estate tax.
How about for sg investors. We DCA spy500 till a targetted amount. Iiquidate it and buy local dividend stocks?
Some investors 'de-risk' their portfolio nearer to retirement, and shift from U.S. equities to Singapore dividend stocks, bonds, etc.
In your video you are recommending the CSPX etf, as the most suitable SPY type of etf for foreigners because it accumulates the dividends and also has a lower dividend tax of 15% in Ireland, as well as has a lower expense ratio of 0.07% instead of 0.09% of the SPY proper. However, you missed the most negative aspect about CSPX etf. Since CSPX is domiciled in Ireland, there is an Irish exit tax of 41% on the CSPX gains. For example, if you buy CSPX and hold it for 5 years and then decide to sell it, assuming that your gains are 100,000 USD, you will pay an exit tax of 41,000 USD. SPY has an annual dividend of about 1%. So, the US dividend tax, which is 30% on the dividends of about 1% would be about 0.3%. So, you are recommending how to save pennies of 0.3% and ignore the thousands and thousands of the 41% exit tax, which is implemented to foreigners as well.
The 41% exit tax only applies to Ireland residents, NOT foreign investors.
www.independent.ie/business/non-resident-investors-dont-have-to-pay-41pc-exit-tax-on-etfs-ireland-locals-are-liable-for/a736014697.html
Thanks for your video on SPY comparison. Could you do a video for QQQ? I find CNDX as the next best alternative to QQQ however it seems Interactive Brokers don't offer this product in their platform. The closest I could find is CSNDX (listed in swiss exchange but Irish domicile ETF). Not sure what's the difference between CNDX and CSNDX. Would like to hear your thoughts and alternate QQQ ETF suggestions? Thanks, huge fan of your video. I watch each of them when they are released for 4 years now 😊
Sure! We'll consider this for a future roundtable
Can buy CSPX from POEMS ? I saw “ishare core S&P 500 UCITS ETF-USD” in my POEMS acc, is this the CSPX u guys mentioned?😅
Yes, POEMS offers access to the London Stock Exchange where CSPX is listed.
Great sharing as usual. Do you guys have recommendation for irish domiciled version of Total World Stock ETF like vanguard's VT?
Thanks! Yes, VWRA
Thank you for your information and sharing. If US ETFs and stocks are purchased and held from a joint trading account, if one of them dies, will the other inherit directly without having to pay estate tax?
Technically, the proportion of assets owned by the deceased in the joint account is still subject to estate tax in the event of passing.
money.stackexchange.com/questions/149317/taxes-on-joint-tenants-with-rights-of-survivorship-stock-brokerage-account-upo
www.bogleheads.org/forum/viewtopic.php?p=4375485#p4375485
I am new to ETF. Would you share about S27, also S&P 500? Thanks
S27 is listed in Singapore, but it is U.S.-domiciled so you still have the 30% withholding tax and U.S. estate tax.
@@TheFifthPersonChannel thank you for reply. I am new to US market, if I buy US stock, will US stock also subject to estate tax? Thanks
Yes, U.S. stocks are subject to estate tax as well
What is the best to buy and which platform to purchase? This is for non US citizen and plan to do a long term accumulative for 10-15 years. What is best way? Inject monthly a fix amount or now is good to pump in sum like 100k and let it sit
BTW, do you guys think that Amazon is a good buy now?
Hi Adam, Rusmin and Victor, if the US shares are held in a joint account and if one accound holder passes on, would the other account holder be subjected to estate duties?
Yes, from what we know, the proportion of assets owned by the deceased in the joint account is still subject to estate tax in the event of passing.
money.stackexchange.com/questions/149317/taxes-on-joint-tenants-with-rights-of-survivorship-stock-brokerage-account-upo
www.bogleheads.org/forum/viewtopic.php?p=4375485#p4375485
Will ticker symbol "IVV" under Australian Securities Exchange Ltd (ASX) comparable too?
Australia-Singapore Tax Treaty dividend income come at 15%, with ETF Management Fee at 0.04% and under Dividend reinvestment Plan (DRIP) too.
Yes, if you don't mind holding Australian dollars.
Funny how i literally just explained almost word for word what this video covers! Now i can just send my friends this video HAHAHAHA
Synchronicity!
Great information, thank you guys
Our pleasure!
If I want to invest into S&P500 using SRS, is SPY the only option ?
For SRS, the only S&P 500 options are S27 (which is domiciled in the U.S.) or the iShares US Index Fund (which is a synthetic ETF) through Endowus.
www.sgx.com/campaign/etf-investing-srs
endowus.com/insights/how-invest-s-p-500-index-singapore
Hi, why wasn't the spread and transaction fees, amount invested each time, brokers (e.g. IBKR) factored in? I figured that would have been more holistic, i think this might potentially skew the decision depending on the different variables?
Commissions on IBKR are US$0.35 minimum for NYSE and US$1.70 for LSE. I guess this will matter if you're investing very small amounts each time.
Instead of CSPX and VUAA why not SPYL. Has a TER of 0,03%. And is domiciled in Ireland? You can buy in XETRA (germany) with EUR.
Mainly because SPYL is very new and was only listed in November 2023
I’m following for sometime and has same performance. I was subscribing VUAA for a year now but this month just started buying SPYL from now onwards. My doubts if you can help me is:
1) should i sell VUAA and reinvest all with profits in SPYL, or
2) maintain VUAA and continue buying SPYL.
Keep up the good work.
Yes, they are both essentially the same. Not much a difference between options 1 and 2 actually, it's really up to you.
Regarding estate taxes. What are your thoughts about setting up joint brokerage accounts with spouse and/ or children?
You could do that so someone else maintains access to your brokerage account. Technically, the proportion of assets owned by the deceased in the joint account is still subject to estate tax in the event of passing.
money.stackexchange.com/questions/149317/taxes-on-joint-tenants-with-rights-of-survivorship-stock-brokerage-account-upo
www.bogleheads.org/forum/viewtopic.php?p=4375485#p4375485
Nice sharing as always! Thanks! Can you please share your view about S27 ( SGX listed S&P 500)
Thanks! S27 is listed in Singapore, but it is U.S.-domiciled so you still have the 30% withholding tax and U.S. estate tax.
@@TheFifthPersonChannel thank you for reply and information 🙏
Can foreigners invest in JEPI etf and JEPQ. ??
Yes
@@TheFifthPersonChannel I am biased toward JEPQ. 8.80% dividend yield vs SPY 1.34% SPY ETF has larger basket of holdings. These newer ETFs like JEPQ and many others now concentrate more into 80-100 companies vs 500 companies
Does have similar for tech etf ?
I am a subscriber from the US. There are many tech ETFs such as QQQ and one from Vanguard I like, VGT. Not sure if you can get STK, it’s a Closed End Fund with a distribution of around 6%, and 10-year total return of close to 20%. I own this CEF.
why not mini-futures? Lower funding
You could if you're comfortable using derivatives
Cspx vuaa since they are accumulating, i dont even pay 15% dividend tax..zero dividend tax, correct ?
0.07% commision is only based on initial invested amount or each year can be different depending on the total amount of etf ? Tks
Dividends are taxed 15% first before reinvested. The 0.07% annual fee is deducted from the net asset value of the ETF.
Hi, great content, i still have no idea after repeat the video and still don understand, as a Singaporean, if spy is to avoid, can you please advise me which etf is able to avoid any fees so that able to pass on to my spouse or child where i am gone.
Waiting for your kind reply. Also which broker to use
it's not an ETF but how does Lion Global Infinity U.S 500 Stock Index Fund SGD compare to those you have mentioned?
There's an initial charge of up to 2% according to their webpage. It's best to email Lion Global Investors directly to ask about dividend withholding tax and U.S. estate taxes for their funds.
www.lionglobalinvestors.com/en/fund.html?officialNav=IUSS#information
Guys this is good information. A 40% estate tax on US stocks is quite frankly mindboggling. However, I check with my stock broker (a local company), and they that the US stocks held in their brokerage should not be subject to the estate tax. Is that the case?
No, all U.S.-based assets including U.S. stocks are subject to estate tax.
www2.deloitte.com/content/dam/Deloitte/us/Documents/Tax/us-tax-us-estate-and-gift-tax-rules-for-resident-and-nonresident-aliens.pdf
@@TheFifthPersonChannel Thanks. Guess I need to go down and clarify with them.
Hi there. Do you guys know about a new S&P500 Irish Domiciled ETF? It’s called SPYL, with a much lower expense ratio of 0.03%. But this ETF is traded on EBS and AEB only. I need an expert like you guys to analyze through this ETF whether it’s valuable for the long run since it is quite new as well. I would be thankful if you are willing to make a video regarding this. Much appreciated thanksss😊
SPY5 how do we buy?
The SPY5 is listed on the London Stock Exchange, so you will need a broker with access to that exchange.
How about setting up a Singapore company to hold US equities since it’s legally a separate and perpetual entity? Put wife and kids as directors in case you up the lorry.
Of course, there are maintenance costs but negligible compared to US estate tax esp when portfolio is $1 million and above.
Will the above work?
not as directors but as trustees
That could work if your fund size justifies the running costs. You will need to justify that your gains are not of an income nature to avoid the 17% corporate tax.
1. I use the Superhero app to invest. Can you do a video on this app? E.g. pros and cons. Also, this app only has the Australian and American stocks available.
2. I live in Australia. Can you do a video on the best ETF if I live in Australia?
How does this trading stuff work? I'm really interested but I just don't know how it go about it. I heard people really make it huge trading
Vanguard S&P 500 ETF (Ireland Domiciled) that I know:
Distributing: VUSD (USD), VUSA (GBP)
Accumulating: VUAA (USD), VUAG (GBP)
I will still keep it as it still give mw good returns
👍👍
Are there any irish counterparts ETF for FTEC, QQQM, VTV? The holdings Not necessarily have to be the same, at least 80-90% similar will do
I have found some,
IUIT for FTEC,
R1VL for VTV.
What do u guys think?.
Thx and cheers from Malaysia
CNDX for QQQ. Cheers!
Which brokerage can we buy CNDX? I tried IBKR but it doesn’t have. Appreciate if anyone can share their experience.. thanks
Good to remind ppl about the US estate duty. For your mentioned non-US domiciled ETF, any consideration which exchange it's on?
Thanks! Most Irish-domiciled ETFs are listed on the London Stock Exchange.
For a second I thought u guys don’t encourage us (non US citizen) to buy S&P 500
😂
What is the most cost effective way to invest in the VOO?
Through a Vanguard brokerage account.
investor.vanguard.com/investment-products/etfs/etf-fees
Thanks, this video is so helpful.
Glad it was helpful!
VUAA (smaller price to purchase too) is a gd replica of ......... CSPX
6:27 rich people laugh
Thank you
Welcome!
please share all your free documents thanks
For irish domicilled etf. Only IKBR have. But they have the annoying currency exchange cost. Its expensive. So not that worth for people investing sub 1k a month.
IBKR's foreign exchange rates are one of the lowest in the brokerage industry. You can also invest quarterly/semi-annually to reduce transactions costs.
@@TheFifthPersonChannel dont they have an exchange fee of at least $3?
Yes, there's a US$2 minimum fee when exchanging currencies on IBKR, but its forex spreads are among the lowest. So you're right that it doesn't make sense at small amounts; it's better to accumulate and exchange/invest larger amounts at wider frequencies.
In any case, the U.S.-domiciled SPY and the Irish-domiciled CSPX both trade in U.S. dollars, so you need to make the exchange anyway.
@@TheFifthPersonChannel thanks for the quick reply.
Not too sure but why are mega investors such as adam khoo in Voo instead og CSPX?
Really am confused about that.
Haha! We'll ask Adam Khoo next time we see him
If the objective is long term investing (aka like a savings account) and liquidity is not that crucial, the synthetic replicating UCITS I500 Swap ETF (S&P500) and UCITS EQQS Swap ETF (Nasdaq) are great candidates because they do not incur dividend withholding tax due to the non-dividend distributing nature of the underlying assets.
If you're comfortable with synthetic ETFs!
What's a concern with synthetic etfs?:) thx!@@TheFifthPersonChannel
How will Uncle Sam know when you pass on?
It's tricky...
www.nbcnews.com/business/taxes/why-billions-dollars-estate-taxes-go-uncollected-n457236
no kids no issues
XUS
SPYL….
Yes, another option but just launched on 31 Oct 2023.
Just started, should I DCA SPYL ? Depends on my buying power right? How often do I DCA with let's say 300 dollars
Paying tax is a noble thing, fellas.
Just don’t pay the estate tax. Go look at the amount of people that the usa can’t retrieve it
Yes, but that would technically be tax evasion.
How about the SPY.L
SPYL is another low-cost option. It only just launched in Oct 2023, so some investors may prefer an ETF with a longer track record
@@TheFifthPersonChannel thanks for the reply. Was wondering if I should go for that instead the expense ratio is only 0.03 compared to cspx 0.07