Hi guys, I am using IBKR and looking to lumpsum $10k into S&P 500 and monthly dca of $500. When i search VOO theres a few avail, which one is for long term investing? (2024)

Hi there,

I personally use Interactive Brokers to invest in irish domiciled ETFs such as CSPX (S&P500) or VWRA (all world index).

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First, there are a three key reasons for choosing to invest in Irish Domiciled ETFs:

1. Investing in Irish domiciled ETFs means lower withholding tax of 15% (compared to 30%) when investing in US domiciled ETFs. This recurring fee compounds and will snowball to huge amounts over time.
2. Accumulating ETFs are available which means any dividends will be automatically reinvested, saving on commission fees and maximising compounding as you don't have to worry about buying full shares.
3. Finally, no estate taxes to worry about. Estate taxes are taxes on your US assets when you pass on.

Once you are convinced about the benefits of investing in irish domiciled ETFs instead of their US counterparts, it is time to choose a brokerage. I personally use IBKR because after research and comparison with other brokerages, IBKR has extremely competitive fees. In fact, they have recently removed their maintenence fee, allowing us to save on those pesky recurring fees!

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For a full guide on irish domiciled ETFs, check out my article here http://thedollarsapling.com/2021/09/17/irish-do...

For additionaly resources about all things related to personal finance and investing, join my telegram channel https://t.me/thedollarsapling

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