Best S&P 500 ETFs for Non-US Residents (Tax Saving with Ireland Domiciled S&P 500 ETF)

[@ZietInvests]

If you like this video, you can support this channel for free by checking out Interactive Brokers ➡ ziet.link/6-know-more-about-IBKR Thank you for watching and I hope this video can give you more clarity in your ETF investment!🥰

[@Stephie91]

Was trying to find a clear youtube video explaining the differences in S&P 500 for non US residents and your video was simply SUPERB. Clear explanation and illustrations!! Thanks for all the effort in trying to educate us

[@ZietInvests]

Thank you for the kind words Stephie, trying my best to share information to everyone! 😊

[@icyminglun5138]

😭 was finding relevant info and its so rare. Thank you really

[@ZietInvests]

@@icyminglun5138 Thank you hehe, glad it was helpful!!

[@chloe9714]

agreed !!!🥰🥰😭

[@29teacups]

Came here to say the same. Huge thanks for the brilliantly clear video which summarizes oodles of research.

[@eelin27]

Hello Ziet, found your channel last week and was blown away by your content. You delivered so well and so far no one explains them like you do - detail, concise and straight to the point, with all pros and cons. I dont usually comment on youtube but I think I have to for you. Appreciate your hard work creating all the financial contents! Am a mom, and hopefully through investing, I can create a better future for my 2 young kids. Just to let you know your videos mean a lot to me and am sure for many out there. Thank you again. 🙏

[@WinterDreamzz]

This is so helpful. Simple and straight to the point. Love your summary tables! 😊

[@ZietInvests]

Thank you Patricia, so glad it helped!😊

[@yuanyuanintaiwan]

One question i’m going to throw out here: i understand the dividend tax difference thanks to those Irish based US ETFs. But shouldn’t each individual research what are tax treaties between our own countries and Ireland as well? What if Ireland has no tax treaty with my country? I see no information about this anywhere, i’m afraid to get only 15% tax on dividend but maybe additional tax on profit. Or Ireland never has tax on capital gain, no matter the country? Thanks 😊

[@ZietInvests]

📌Start investing with Interactive Brokers: ziet.link/6-know-more-about-IBKR If you found this video helpful, it would do our team a great pleasure if you can check out Interactive Brokers (with the link above), as we will receive a very tiny kick back - we promise to make more and higher quality videos for all of you ❤ Have a nice day ahead! Detailed taxation information by Bogleheads: www.bogleheads.org/wiki/Nonresident_alien_investors_and_Ireland_domiciled_ETFs#No_Irish_taxes_of_any_kind_for_Ireland_domiciled_ETFs "Ireland applies no taxes of any kind on non-Irish residents who hold Ireland domiciled ETFs. Ireland domiciled ETFs are therefore completely 'tax transparent' to investors, making them preferable to US domiciled ETFs for investors in any country with poor or no US tax treaty coverage, and often acceptable to investors even in countries with good US tax treaty coverage." (Source: The Bogleheads guide above) Correction: 1. For CSP1 = their unit price is GBp 30,266 - the small p stands for pence (100 penny = 1 pound), which means its actually GBP 302.66 per share!

[@kctan3021]

Do you notice your channel profile was duplicated by someone? Check the comments.

[@ZietInvests]

@@kctan3021 i do! Damn these scammers! I have been deleting them every few hours 😂

[@joeymangkok]

Hi bro, which brokrage do u buy CSSPX? Tq great video!im a subscriber

[@ZietInvests]

@@joeymangkok Hey there, so glad you love the video! I personally use TSG-IBKR to access these markets: kzbin.info/www/bejne/hJWXgmZ3d8mBnsU Though disclaimer i dont hold any CSSPX, yet 😄 still going for higher growth plays like Tesla at the moment

[@joeymangkok]

@@ZietInvests tqvm for da reply! Noted on da disclaimer as my invstmnt risk is very low😅👍🏻and ill use ur affiliate link to support ur channel

[@fluffylonjini5486]

Love the video and the way you explain! Really helpful video! It's nice to see this type of content made for people from Asia/non-us residents. It feels so relevant and comforting. Thank you, from a fellow Southeast-Asian. 😊

[@ZietInvests]

Thank you so much for this, this means a lot to me because that was my sole objective - to unlock the US stock market to all non-us residents 😊😊 Have a great day!!

[@abderahmanMOUSSAOUI]

Today, CSPX = 447 UDS and VOO = 375 USD, is CSPX overvalued? does CSPX still a better option for international investors?

[@ZietInvests]

Overvalue is subjective, S&P500 Index has historically proven that "highs" can be "higher" haha

[@nadanehad2478]

I am so glad and grateful I found your channel, I would have made massive regrettable investment mistakes without your videos. Keep going. You're such a rock star!

[@ZietInvests]

Wohoooo thank you so much! So glad we helped

[@SDADanCars]

Great infos ! I have a question. Do you know if it makes any difference if i live in Switzerland to go with the Irland ones or will be the same with the one from USA ? I see that also Switzerland have a Tax Treaty. Do you know something about this ?

[@ZietInvests]

Hi there, from what I see here (taxsummaries.pwc.com/united-states/corporate/withholding-taxes) the effective dividend WHT for Swiss residents is 15% thanks to the Treaty, I suppose you can go for US-domiciled funds directly (though do double-check since I am not familiar with the taxation in Switzerland)! Hope this helps!

[@yanchengcheok]

I can tell this KZbinr manages his finances wisely-using a fork as a makeshift microphone! It makes me feel confident in the practicality and sincerity of his content.

[@ZietInvests]

Haha thank you so much 🤣🤣

[@MrSerkud]

Thank you for the survey! It’s helpful for me.

[@ZietInvests]

Glad it helped!!🥰

[@leaptech510]

Hi Ziet, Hands down this is the best video on S&P 500 ETF for non US resident I have ever came across, Going ahead with CSPX for next 10 years! Liked, subscribed & will share. Request : Could you please kindly make a video on Global X:QYLD/RYLD/XYLD when you have time. Monthly payouts looks nice even after 30% tax deduction. Thanks!

[@ZietInvests]

Hi there! Thank you so much, im glad you liked this video! Will definitely note them down!

[@semut1994]

The fork got me man

[@ZietInvests]

haha!

[@Showmetheevidence-]

Love the "fork mic". Lol.

[@ZietInvests]

😝😝😝thank you!!

[@BalrajSingh-gg3qm]

Good video. Easy to understand and well structured. I am keen for the cspx as well now, but must do some research first..

[@ZietInvests]

Thank you for the kind words Balraj, all the best with your research!

[@NegativeAccelerate]

I live in Ireland and we have to pay 41% tax on ETFs every 8 years even if I sold them 7 years ago 😭. It’s also illegal to invest in US domiciled ETFs. Only non-Irish citizens benefit from our tax system while the citizens pay the taxes that the corporations don’t pay.

[@ZietInvests]

I can totally understand your pain, it is a shame (i've read a lot of complaints from Irish forumers on bogleheads) but it is what it is🥲

[@hsvdenga]

Yeah, I also read about that when I tried to gather information about Irish withholding tax. Don‘t know why Ireland is so harsh on their own population when they, at the same time, are very attractive for foreigners to invest into Irish-domiciled ETFs. Since you are Irish: Do you know if there is a withholding tax for people who live in a country that has no double tax treaty with Ireland? Ireland claims withholding tax on ETF distributions then or not?

[@younesboukellal6565]

Yes but as a French investor I will end up paying more than you as I do have 30%+ tax to Pay on my capital gains in addition to 15% on dividends.

[@KMKT89]

Not sure if anyone already pointed it out, but afaik, IUSA and CSP1 share price is quoted in GBX (GBp), meaning pence, not pound, so the price more or less echoes their USD counterpart

[@ZietInvests]

Hi, I have actually put a correction note for that in the description box - but nonetheless thank you very much for pointing that out! 😊 (apologies for the mistake!)

[@KMKT89]

@@ZietInvests whoops - jumped the gun there a little, didnt check the description and missed it, sorry!

[@ZietInvests]

@@KMKT89 no worries! my bad for not making it obvious enough ahha! I don't mind people reminding it so people can see it when they scroll through the comments section 😊

[@UnavidaPeruana]

Hello there! I have been watching all your SP500 ETF series and they have been really helpful. A few days ago I finished setting up my Interactive brokers account and so I decided to invest in 1 stock of ishares CSPX (around 72 USD). However I noticed that there were a number of "CSPX" ETFS in IBKR, but I found one that I think is the correct one. That is the "CSPX ISHARES CORE S&P 500 - LSEETF", so is that ETF the one you show in the video, or at least is it an accumulating and tax saving one? Thanks in advance. I am asking this because when I added that ETF to my watchlist, the page showed that it was a UK ETF and not an Irish one, which seemed a bit strange to me.

[@mariuspata664]

I'm in the same situation

[@samking618]

yes the LSEEF seems to be the correct one. Although it will show as UK ETF but if you go to the ETF details, it will be mentioned there that it is Ireland domiciled

[@ZietInvests]

Hello! The iShares Core S&P 500 ETF (CSPX) is indeed listed on multiple exchanges. The one you're referring to, listed on London Stock Exchange (LSE), is the correct one. It is Irish-domiciled for tax purposes, but it's traded on different exchanges including the LSE. It's an accumulating fund, meaning dividends are automatically reinvested. Note that CSPX now costs around 460 USD per share ya

[@dduma4606]

Are we just gonna ignore the fact this dude is talking into a fork?

[@ZietInvests]

🤣🤣🤣

[@ryancheah0517]

You mad lad! This just goes to show how much marketing matters. I honestly haven’t heard of 9 out of 11 of the ETFs you mentioned here aside from the SPY and VOO. Great comparison man!

[@ZietInvests]

I know right! haha! I guess it's mainly because KZbin is packed with US KZbinrs, hence it might not sync as well for non-US residents. Glad you liked the video!

[@tenkji]

Hi Ziet! Your video was AMAZING. I came across your other video comparing VOO and CSPX, you mentioned that if i do not have the buying power to buy more than 1 share of CSPX i should just get VOO first then transfer to CSPX later. What would you say for VOO vs VUAA? Should i just go ahead and buy VUAA or? Once again thank you for the extremely educational video

[@adelineang7920]

Hello Ziet! I've been watching your videos for awhile and I really want to thank you for putting difficult to understand concepts and making it easy to understand for beginners like myself on how to invest! I'm on IBKR now and I would like to ask if its possible to buy fractional shares for CSPX for LSE? I tried buying but the system said that I'll need to activate Fractional Quantity in my settings, but after looking at the settings I could only buy fractional shares in the US. It would be very helpful if you can help me with this. Thank you so much :)

[@ZietInvests]

Hi Adeline, unfortunately fractional shares trading is only available in the US market ya, not for LSE. Hope this helps!

[@purpletulip1688]

What is the minimum amount to invest each time to maximise on the brokerage fee per transaction for CSPX and VUAA?

[@JuanManuelMartinez-pl9eu]

Amazing how you packed together so many important concepts in one video. Congratulations!!! One of the best videos about investing I've seen for non us investors!

[@ZietInvests]

Thank you so much for your nice comment Martinez😄 im genuinely happy to be able to share these info!!

[@yuky3641]

Thanks for the great video Ziet! Bit off the topic but do you know how to buy Indian index like nifty on IB? Can we buy nifty on IB? I couldn’t really find it…

[@bi8127]

Hi brother, I am in SG and have been allocating certain % of my income into VOO and VGT. Thanks to your video, I just found out on these Ireland Domiciled ETFs which can help save $$ and gains in years to come. Is it wise to exit my full position in VOO and VGT and pump everything into CSPX and CNDX in a single trade? Appreciate if you can share some advice on this, please. Thanks so much!

[@ZietInvests]

Hey there, I can't advice on that because it really depends on what are you trying to achieve. Shifting them all in one saves you brokerage fee, whereas DCA them over time lets you capture the volatility, so its your call to make ;) No right or wrong, they are ETFs, wont move that much within a span of weeks

[@siewkowmah2887]

Well done content, and informative!

[@ZietInvests]

Thank you so much, so glad you liked this content🥰

[@ChyeHeng17]

Keep up the great quality work. It's informative and straight to the point. One of the very few channels I followed from Malaysia. :) A small suggestion, for example, when you were explaning on the US S&P500, it's better to zoom in to those sections just like 11:02, so that we could read and focus better with your explanation on those, than showing the whole table, and highlighting on it. Tune up more the presentation, I can see you can go far for growing your KZbin channels. And I will support your affiliate link too, as long as I gain the best information from you.

[@ZietInvests]

Hi there Chye Heng, thank you so much for your kind words and support, noted your feedback on zooming in - will definitely take note on that next time!☺️

[@michaelchiayin351]

Finally! Great video!

[@ZietInvests]

Hehe thanks a lot buddy!

[@ande18rhcp]

Hi Ziet. Amazing content, thank you. I'd like to ask you about CSTNL which seems to be the same as CSPX but trades as an OTC security in the US. Since I have a TDA account I wonder if it is the same tax wise buying this instad of CSPX. If not I should open an IBKR account since TDA does not trade in LSE. Thanks again and greeting from Argentina.

[@ZietInvests]

Hi Andres, I can't find much info on CSTNL - is it domiciled in Ireland as well? If it's on TDA, I don't think it is Ireland domiciled, which means you are not saving any dividend WHT. Your best bet would be going into IBKR to trade CSPX on LSE

[@chloe9714]

thank you so much for making such informative and helpful videos🥰🙏🏻seriously blessed to be able to view these quality contents for free👍🏻 jia yous for everything you do

[@ZietInvests]

You are most welcome, Chloe! I really appreciate your kind words 🥰

[@hnajee]

Super vid; exactly what I didn't know and need. Have a Schwab investment; I am non-US citizen and non-US resident. How do I change my investments to Ireland based. Want to keep my Schwab account Don't know how to thank you

[@ZietInvests]

Glad the video helped! To change your Schwab investments to Ireland-based ETFs, you might need to sell your US-based ETFs and repurchase Ireland-domiciled ones through your Schwab account. Else, can try to contact Schwab support to guide you through the process.

[@MariDorot]

Thank you so much for creating this video. Best one on s&p500 for non-us residents by far! You covered quite a few issues that other KZbinrs never mentioned. I'm a newbie and appreciate this a lot. Would you mind clarifying something for me please? Why is there a huge difference in unit price between the CSPX and the VUAA for example? I mean how can there be such a difference when they are essentially tracking the same index? Same for the CSP1 - unit price of GBP30266!!! vs the CSPX priced at USD415.55. I just cannot understand this. Thanks again for creating such helpful content for beginners. Your channel deserves much more subscribers.

[@ZietInvests]

Hi Marica! 1. For Unit Price VUAA vs CSPX - the difference can be simply explained by the number of outstanding shares issued by the fund (ETF) to the public float. Know that share price = company value divided by number of outstanding shares, this just means VUAA issues more shares to the public such that it is cheaper per unit price - fundamentally there is little to no difference to them! (Can refer Berkshire Hathaway A share priced at a astronomical 400k+/share, or read up on why AAPL split their shares 5 times in the past) 2. For CSP1 = their unit price is GBp 30266 - the small p stands for pence (100 penny = 1 pound), which means its actually GBP 302.66 per share! Hope this clarifies!

[@MariDorot]

@@ZietInvests Oh I see. That explains it all. Thanks so much for replying. Appreciate it. I'll be following your channel for sure. You have very detailed content and the way you explain things is very unique and simple to understand for beginners. Thank you!

[@ZietInvests]

@@MariDorot Hehe thank you so much Marica, glad to have you on board!

[@JayneCJX]

First time watching Ziet Invests video, I'm surprised nobody comments on the fork/mic combination tool. I can't help but kept staring at it for the entire video. It's funny!

[@ZietInvests]

Hahaha you're not the first one Jayne 😂 Though many said they only realised the fork at the end of the video (when I start to get whiny and boring) haha😂😂😂 Glad you find it funny xD

[@kuanyuelim7710]

hi Ziet, really helpful content, thank you! Would like to ask 2 quick questions: 1. Is there tax treaty between Singapore and US? 2. Is IB better than Moomoo and Scythe Trade? Just wondering why you don't recommend these trading apps.

[@GeraldOng]

Really professionally done tables and animations to explain the ETFs! Great work Ziet!

[@ZietInvests]

Thanks alot for the kind words Gerald!

[@flauta1238]

my country doesnt have a double taxation treaty :(, is it still recommended that I use an Ireland domiciled ETF?

[@ZietInvests]

Ahhh same as mine, in that case, probably yes for the withholding tax and estate tax benefits (if you're into dividend heavy ETFs)

[@hengwuguan9191]

Another great content. Keep up the good work. Have you consider setting up your investment in a company/corporation to legally avoid the estate tax?

[@ZietInvests]

Hi Wu Guan, thank you very much for your kind words, and indeed that is actually something at the back of my head! I’ve only incorporated by Sole Prop last year so I’m still dabbling with a lot of those taxation stuffs, might move towards LLP in a year or 2 and explore the corporate account route then hehe

[@DaniTrujillo]

what about the new SPDR S&P one for 0.3% (IE000XZSV718)? it's pretty new but quite cheap, would you recommend it since it basically follows the good old SPY but here in Europe, or would you say rather stick to the ones which we can track for a longer time in the past now?

[@ZietInvests]

wow it does seem like we have a new banger here, let me take a closer look at it! (so far it seems pretty good, for a fund that comes under such a big name with a super low expense ratio)

[@DaniTrujillo]

@@ZietInvests Please please do! so far I have the iShares S&P500, but willing to change to SPDR honestly! tempting to upgrade from 0.7% to only 0.3%!! I need more expert opinions!!!! hahaha

[@marco-ed5rd]

This is the best video about s&p 500 etf! I live in Italy and I've both (csspx and vuaa), my strategy is to buy every month (the same day) 1 unit of CSPX and when the index is lower than the month before, I also buy some vuaa units, the amount depends on how strong the correction was

[@ZietInvests]

Hi Marco, thank you so much, I'm so glad you loved the video! Also, gotta admire your consistency and discipline in DCA-ing into these indexes!

[@rdjvietnam]

Fantastic video thanks 🙏

[@ZietInvests]

You're most welcome Robert!!

[@christopher1076]

Dear Ziet, as most Msia/SG brokers such as IBKR/Tiger/SC/DBS/Maybank do not allow fractional shares of LSE-listed stocks/ETFs such as CSPX, would buying VOO/IVV be more efficient in terms of dollar cost averaging? Without fractional shares there may be a significant amount of idle cash (up to 470USD based on current share prices) just sitting around in my IBKR account each month... Thank you for your time and really appreciate your videos!

[@ZietInvests]

Hi Christopher, LSE does not allow fractional shares trading, it is not the fault of any brokers yeah. Whether or not it is more cost efficient totally depends on your firepower - VOO and CSPX should be more or less the same right in terms of unit price. You can always go for the ones you deem more "efficient" for your current circumstance, and when you have better firepower, just switch over to LSE ETFs for better tax efficiency lor, it's not a huge deal in the short term😄

[@christopher1076]

@@ZietInvests Yes that makes a lot of sense thank you very much!

[@ZietInvests]

@@christopher1076 You're most welcome! Happy investing😊

[@mariom1417]

Wow, excellent content. Opened my eyes in so many ways about investing as a non-resident of the US. I have a question though. Why did you choose Ireland instead of England ? Any particular reason ? (We follow you here in Latin America too)

[@ZietInvests]

Hi Mario, im so glad to know that I have viewers from Latin America too!! Re your question, I did not chose them per se, they just happen to be domiciled (based) in Ireland, and listed on London Stock Exchange (UK). There are however, many more similar S&P 500 ETFs listed on Swiss Exchange etc. etc. so you can check them out as well! Let me know if this answers your question!

[@mariom1417]

@@ZietInvests Thank you! So they 15% tax retention applies only to Ireland or to other ETFs in the LSO ?

[@ZietInvests]

@@mariom1417 I believe yes, most of the non-US country only charge 15% dividend WHT - do give them a check incase I’ve missed any

[@Arquebusier89]

Omg this is so useful. Thanks KZbin algorithm

[@ZietInvests]

God bless the algorithm 😂

[@anthonybrusic6831]

Hello Ziet! Been watching your videos lately and i found them very educational and helpful..... especially for beginners and for Americans living abroad. Unfortunately I found a lot of shares with high prices in different index, and when you make a low income pay in Europe it's difficult i say to buy..... what's your opinion and other families (xtrackers, ,amundi, BNP, etc)? And since everyone is talking about this new green economy, what do you think about the indexes including ESG (S&P 500 ESG INDEX and so on)?

[@ZietInvests]

Hi Anthony, thank you so much for your nice comment! If you are a European, there will be restriction whereby you are unable to trade US ETFs (no thanks to the EU's PRIIP Regulation!) Other families should be fine, make sure you do a bit of due diligence on them, although I personally would just recommend Vanguard, iShares by BlackRock, StateStreet, Invesco etc. Amundi should be fine too since its one of the largest European fund. Xtrackers and BNP (french) is a little too small for my liking.

[@siew2058]

Great video! Since CSPX reinvest my dividend, does that mean I don't need to pay for 15% withholding tax if I buy CSPX? (I'm from Malaysia)

[@ZietInvests]

Hi Siew, you will still need to pay. This is because dividends paid by US companies to CSPX will be withheld by 15% (US WHT rate on Ireland), so you will be receiving net 85% dividend as a Malaysian. The difference is only at the WHT rate: 1. US > Malaysia = 30%. (Hence, Net 30%) 2. US > Ireland = 15%. Then Ireland > Malaysia = 0%. (Hence, Net 15%)

[@siew2058]

That make sense. Thanks! Keep up with the good video.

[@guipingteow2477]

Hi Ziet, thank you for the video and I been following you to set up the IBKR (by the link of course). Just to check, in IBKR, we can't buy the CSPX in fraction? instead, can only buy share? thanks!

[@ZietInvests]

Hey guiping! yep, correct for CSPX! And thanks for using the link 😎

[@HsiangSenJung]

Hello Ziet, Thank you for making such a in depth video about investing in S&P500 ETFs for non us resident. It really help me noticed a potential tax trap when investing in US stocks.(I'm from Taiwan) I know you said in the video that if a non us resident bought Ireland domiciled ETFs then he/she won't have to pay estate tax to US government. But I'm still a little worried. Could you give me a guide as to where to find information to confirm this? 40% of estate tax is crazy high. I believe some of Taiwanese investors didn't realize this risk. Thank you in advance, I really appreciate it.

[@ZietInvests]

Hi William, you can read more about these here: www.bogleheads.org/wiki/Nonresident_alien_investors_and_Ireland_domiciled_ETFs Just search for "Ireland domiciled ETFs insulate investors from US estate taxes of up to 40% of the balance of US situated assets above $60,000."

[@HsiangSenJung]

@@ZietInvests Thank you so much for your reply. It really gives me a big help. I will continuously support your channel. Wish you all the BEST.

[@ZietInvests]

@@HsiangSenJung Thank you so much William, looking forward to see you in other videos 😊 have a great week ahead!

[@ngchongsin2009]

That is very informative. You able to do a share your preference for SnP 500, if i wish to get the dividend?

[@ZietInvests]

Hi Martin, if you prefer quarterly distributions, then you can look at those Distributing ETFs instead. For Ireland Domiciled ETFs, you can refer to VUSD or IDUS.

[@ngchongsin2009]

@@ZietInvests if i am to buy through IBKR, for CSPX. Must i buy in unit of 10 shares. Or can i buy fractional shares, like 0.5 unit?

[@chanxh3769]

Hi Ziet, great video as always. Have some questions: 1. What do you mean by the ETFs are "not passively managed". 2. Why would a passive investing approach be better suited for the accumulating ETF? 3. Why would distributing ETF have lower trading spreads? Thanks alot in advance for your time to respond. Keep up the wonderful contribution to the community!

[@ZietInvests]

Hi Chan, 1. Not passively managed, means actively managed, which means the manager will buy and sell usually on a daily/more frequent basis - so the fund is readjusted very frequently as opposed to passive funds that rebalance maybe once every 3 months. 2. Not to be mistaken, accumulating/distributing is dividend policy, nothing to do with the nature of the fund management. 3. If you are referring to the US ETFs, it could be due to more people trading/investing in it, so higher trading volume, hence lower trading spreads. The market is dynamic so it changes from time to time.

[@ddianpardo]

👍🏼

[@Faleel345]

It took me 1:21 minutes to see your fork 🍴 mike LOL 😂😂😂😂😂

[@ZietInvests]

😂🤭thanks for...focusing on the content! hahaha

[@GraceFooWaiSan]

Hi Ziet. Just want to say I'm a complete noob and so glad to have found your channel. Thanks for taking the time to educate us!

[@ZietInvests]

Hello there Grace! No worries - I was once a complete noob too, you will definitely get there if you put the time and effort to do your research (I can already tell that, the fact that you're on this video)! Feel free to ask here or DM me on instagram if you have any questions ;)

[@СергейЛарс-м1т]

Video is interesting, but. But why you keeping fork in your hand?

[@ZietInvests]

🤣🤣🤣

[@federicoytbe]

CSP1's price is expressed in cents. Also, when you buy into the fund, you don't have currency risk. The shares inside the fund are on dollars regardless the currency you use to buy the ETF shares.

[@ZietInvests]

Yupppp i noted in the pinned comment, thank you for the correction 😁😁 You are right about the currency risk of underlying asset too!

[@danielmunteanu962]

@@ZietInvests If I am based in the UK is that a good thing or a bad thing?

[@TheYingxian91]

Thanks for the informative videos. That was some in depth analysis. Correct me if I'm wrong, but based on the portfolios you shared with us in youtube, you did not invest in any of the ETFs, the main reason being the 15% withholding tax? Any other possible reason that we should know of? Thanks.

[@ZietInvests]

Hi, it is correct I don't hold any S&P 500 ETFs, not because of the withholding tax, but because of my current investment risk appetite and objective. Index funds are too diversified for my current objective - to grow my wealth, which is why I prefer riskier investments such as individual stocks for time being. Might add index funds into the mix down the road for sure!

[@spacekave1]

Hi, is TS International and TS Global the same?

[@ZietInvests]

Hi Kevin, yes they are. TSG stands for TradeStation International (Global): www.tradestation-international.com/global/open-an-account/?sf_00N0Y00000RxJuw=5076&sf_00N0Y00000RNZTq=5010

[@spacekave1]

@@ZietInvests 👍👍

[@mss6djbsajwhwbwvauaj301]

Is there a tax difference in accumulating vs distributing (If I reinvest the dividends)?

[@ZietInvests]

Should be no div tax since you are reinvesting! And we don't have capital gains tax for now in Malaysia too, so no tax in general.

[@mss6djbsajwhwbwvauaj301]

@@ZietInvestsThank you. Is the %15 tax for dividends in Ireland also eliminated in accumulating one? Also, does my share increase or the price of the etf increase after dividends are reinvested in accumulating one?

[@kimabraham1530]

Hey Ziet! I am so glad I just watched this video. I did your follow along for Interactive Brokers setup and I have been accepted!! Knowing the alternatives to these US ETFs are life changing as I am European and can only purchase the alternatives. What % do you recommend goes into each allocation? I will definitely go with CSPX, VWRA, ISAC and EMI. Please advise on % allocation!! I look forward to hearing from you!

[@ZietInvests]

Hello Kim! First and foremost, thank you so much for your kind words, it really warms my heart 🥰 Regarding the % allocation, this is a very subjective question because everyone is in a different financial status and pursuing different investment goals + have different risk appetite. That said, there is no right and wrong with the allocation, some people even go all-in VWRA 100% (who are we to say they are wrong? they are taking average of the entire world market). If you ask me, as a young millennial, I still have a long runway before I any major expenses in life (wedding/house/kids etc.), I would go for more stocks, then my immediate focus would be CSPX or QQQ for the higher growth. Among the 4 you recommended, my preference would be CSPX > VWRA > ISAC > EMI, the reason why I put EMI at the last is because emerging market has historically underperformed most of the popular indices mentioned in this video, and their political uncertainties remains unknown (re China), but they could pay off in the long run due to the size of their market (only time will tell). If you prefer a much detailed conversation, feel free to DM me on instagram anytime! Have a great weekend!

[@kimabraham1530]

@@ZietInvests Hey Ziet! Thanks so much for this detailed response filled with value!! I would love to reach out to you on Instagram! I really appreciate your videos and advice!

[@ZietInvests]

@@kimabraham1530 Anytime, feel free to do so! Invest safely! 😊

[@constantinosdemetriou9433]

So Europeans can only buy the Ireland domiciled etfs if i understood ?

[@ioannissintoris6642]

Great video!

[@ZietInvests]

Thank you so much! Glad you found it useful🥰

[@bigpoppa192]

Hello! If I'm in the EU, is it better to invest in CSPX or in SXR8? Amazing video 🙂

[@ZietInvests]

Hi, whichever fits your native currency will do!

[@bigpoppa192]

@@ZietInvests Thank you!!!!

[@siskokedi738]

I needed some time to realize that this guy attached his mic to a fork

[@ZietInvests]

🤣🤣🤣im glad you focused on the content...not my mic hahaha

[@vickywilson6100]

Great content , thanks . If I had account in UK bank , will that be a cost effect measure to use £ instead of $ to buy CSPX ? or do you advice to use one currency ?

[@ZietInvests]

Hi Vicky, that ultimately depends if you want to hold euro S&P 500 ETF or USD S&P 500 ETF, suggest you to decide on that first before worrying about currency conversion because conversion only cost 2 USD + slight exchange loss, not a big deal afterall.

[@AdamCherrington2012]

I'm in the UK. Should I go with VUAA or VUAG?

[@tsitnedance]

You had me at TOUCH WOOD!!!

[@ZietInvests]

😂don't jinx it!

[@Muzammil.S]

3:57 that's probably fake wood :D

[@ZietInvests]

🤣🤣

[@heyangarak3023]

Just stumbled on the video today and was left simply awestruck. Amazing analysis and right depth!! Can i ask which international brokerage you would suggest between interactive vs saxo

[@ZietInvests]

So happy that my content was helpful to you! Back to your question, there will be 2 answers, a short one and a long one since i dont know what are your preferences. Short answer, IBKR, cheaper, executes faster, lower minimum threshold. Long answer, if you have a large capital to begin, and you prefer to have better customer support, then Saxo would be a better choice since IBKR customer support may not be the best. I personally know a friend that switched from Saxo to IBKR and never looked back. Hope this helps!

[@babageldiyunusov5627]

This video has cleared all the questions that I had in my mind, great job! Thank you !

[@ZietInvests]

So happy to know that!

[@mohammadfaiz1931]

Anyone notice the awesome microphone? Lol... 😅

[@ZietInvests]

Hahaa! 😝

[@paulpaul7777]

Superb quality content on ETF, solve all my doubt in one go

[@ZietInvests]

Thank you so much for this! Do let me know if you have any feedback at all!

[@epictetus4676]

Hey! Big thanks for helping me out with my IBKR account! Your video was awesome and really got me started. Quick question: I found out about this tax thing between the Philippines and the U.S. Now I'm thinking of going with VOO instead of the Ireland-domiciled ETF. What do you think? Does the Ireland-domiciled ETF still make sense for me as a Filipino investor? Thanks a bunch, and keep the great content coming!

[@aviatorakshay]

Could you please make video on SCHD equivalent, Ireland based ETFs ?

[@dineshgill121]

A very informative video. Thank you.

[@kimdickson6123]

Hi there. Do you 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 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😊

[@kiashen6394]

Damn, I was going to look for videos in your channel and you happened to upload at this moment XD Nice video keep up the good job!!

[@ZietInvests]

Haha the algorithm knows! 😝 Thank you for the kind words!!

[@truthteller2711]

Loved this video as a beginner!

[@ZietInvests]

Glad it was helpful!

[@nazrinshukri]

Hi Ziet, I wanted to know your opinion on index fund selection between CSPX vs VUSD. I know one of the different between both is on the dividend handling. I had a thought if I invest in VUSD and the dividend will be distributed instead of accumulation. But in the IB under account management -> dividend selection, user can choose to elect for reinvest instead of receive cash (dividend received). Therefore, can I say if I manually tweak this selection, will my VUSD ETF dividend become accumulated/reinvested? So somehow it same like CSPX? Plus point the lower unit price on VUSD compared with CSPX makes it more better buying power to invest for DCA. (can buy more if price dipped). Let me know your thoughts.

[@ZietInvests]

Hi Nazrin, good idea but i think it wont work because dividend reinvestment would only work in the US market where fractional shares and etfs are available, not for the UK stock market :x

[@EdyMLBB]

Yo bro, can you make a video on How to Buy S&P 500 ETF VUAA using Interactive Broker? I mean do we need place a trade and set the limit etc?

[@ZietInvests]

Hi there, you can follow this video for the buy/sell guide: kzbin.info/www/bejne/mmTPk3x6baZgj8U

[@drbenirusani]

🙂 Hi Ziet, just want to correct your misinterpretation of the currency. At 11:00. That CSP1 30,266 is in GBX (pence) not GBP (pounds). So, GBX 30,266 = GBP 302 = USD 376 (today's rate) cheaper than CSPX. Also with 11:07 that is only GBP297. **Since many stocks are traded in pence rather than pounds, stock exchanges may use GBX to indicate the distinction between pence and pounds.

[@ZietInvests]

Yeahhhh updated in pinned comment already, but thank you so much for pointing that out!

[@Szefartur]

Hello I have a question ! I am a bit confused with my situation . I was born in Poland , I had been in Ireland for 20 years, I have Irish passport . Basically I have dual nationality. Now I have been living in Vietnam for 5 years now. I have shares and crypto on etoro and bit in binance . I have connected Irish bank to my accounts and the bank address is in Ireland which was my old house, I used to rent . My question is “should I pay taxes? If so, how do I do it and to which country ? Looking forward to your response. Thank you in advance.

[@ZietInvests]

Hi there, I believe your taxation should follow your Tax Identification Number, as well as your current residency. It is indeed a very complicated position to be in, even I myself can’t answer your accurately because I am no expert in that matter as well. Best to just approach a tax consultant and get it cleared off - I am sure the small fee will pay off the long run! Side note: You don’t have to actually “pay taxes” yourself, IBKR will withheld your taxable amount automatically for you based on your tax code.

[@MianoraStonecrow]

Can i just ask: Where the f are you guys finding proper lists of these ETF that circulate on the various Brokerages? Like when i know, i want to invest in an S&P 500 ETF for example, i know that the name of the Index is S&P 500. But if i type S&P 500 in the search-field of IB for example (since you referred to it here) i don't get a proper list of available ETFs to choose from. Where can i find information on what available ETFs there are and what their differences are? I just can't find a list of "their" ETFs for me to compare, without knowing the Tickers/Names beforehand. It's so difficult....

[@ZietInvests]

Hi there! Just lots of reading on reddit forum and ETF screeners (like justetf.com and etfdb.com) will help a lot with that. Give them a try 😊

[@PearlX9]

Bro how do I know Irish S&P 500 won't get me charged an extra fee above the 15% WT considering I live in Kenya?

[@johnp6096]

Great video. Easy to follow and sound analysis. Thanks

[@SVC-hz6dq]

First and foremost, I want to thank you for the fantastic content you put in your videos. Really much appreciated. Now on the subject. As concerning American ETFs my understanding is that these cannot be purchased in Europe unless you are registered as a professional trader / investor or you sell puts (options) and you get executed, i.e. obliged to buy the underlying stock. Do you know if the Irish-based SP500 would be considered non-US and could therefore be purchased from Europe, by any chance, or I am just dreaming?

[@ZietInvests]

Hey, thank you for the kind words! You're right about the restrictions on purchasing American ETFs in Europe due to regulations like PRIIPs which require a KID (Key Information Document). However, you're on the right track with Irish-domiciled S&P 500 ETFs. These are designed to be compliant with European regulations and can indeed be purchased by European investors. They're a popular choice because they offer a way to invest in the S&P 500 while being tax-efficient for non-US residents. So no, you're not dreaming - Irish-based S&P 500 ETFs can be a viable option for you!

[@orkunyoutube]

by far the best best best video about the subject !! thx alot man !

[@ZietInvests]

Cheers to that!!🥰

[@miguelacardenashndez7819]

Hey Ziet(mi new invst hero) u save mi life with CSPX ty ....but now I need to find an accumulation fund for qqq :(

[@MultiMarcoLee]

Hi Zeit, I’m currently owning some SPY but it isn’t really an ETF but CFD, in which case would I still be subject to US tax? This is Maestro & I’m from M’sia too!

[@ZietInvests]

Hey Maestro! From what I read on IBKR (www.interactivebrokers.co.uk/en/index.php?f=deliveryExerciseActions&p=corpActionCFDs), US-based indices CFD will give you the gross dividend amount instead of the withheld leftovers. That said, I've not traded CFD so can't really provide you any personal input.

[@mubarakkazmin3380]

Great video. Would have saved me 1 years of learning if found your channel earlier! Just curious on Synthetic ETFs, I read that it is a more tax efficient way to invest in US since investors will not directly own the underlying stocks and will not be subject to any witholding tax. I understand the counterparty risk is there, but I found this accumulating S&P 500 ETF tracker (iShares S&P 500 Swap UCITS ETF) which is under State Street Custodian. Would this make the risk lower and worth the additional WHT savings. Let me know what are your thoughts.

[@ZietInvests]

Hi Mubarak - thank you so much for your kind words! Re your question - to be frank I am not very sure about it not being classified as a US-domiciled asset (hence lower WHT), because when people usually invest in Synthetic ETFs, they usually do it for the lower expense ratio and lower tracking error (the reward that comes with the counterparty risk). However, on further read: "Under US tax law, certain types of derivatives are subject to an equivalent tax withholding rate when they pass through “dividend- equivalent” payments. Specifically, when a US bank writes a swap on an index with a non-US counterparty, it is generally required to withhold US dividend tax at the same rate as would be appropriate for a physical investment by that same counterparty. This would seem to level the playing field between physical and synthetic replication strategies, but the details matter. The same rule that imposes this tax treatment on derivatives also specifies certain exemptions, and the MSCI World index meets these. This means that while a European-domiciled physically replicating fund will generally be able to achieve a maximum of 85% of the dividend yield of the US holdings in their MSCI World portfolio, a synthetic fund can theoretically achieve up to 100% of the full gross dividend amount. With an average dividend yield for US large-cap stocks of approximately 2%, this exemption means synthetic funds can potentially achieve up to 30bps of additional performance on the US exposures, which equates to over 18bps on MSCI World." Source: etf.invesco.com/sites/default/files/imce/ETFphysisch-synthetisch%20ChrisMellor%202019_06%20E.pdf I think you are right - it does come with WHT tax benefit too due to its nature as a financial derivative!

[@mubarakkazmin3380]

@@ZietInvests This is a gold mine! Thanks a lot for the sharing. Keep up the great work and you got yourself a keen supporter

[@and-wq9lx]

Thank you for this contents.I'm thinking of buying these(CSPX,VUAA) in IBKR.but when I put the symbol in the search field, it comes up with suggestions, then when I click on it, it doesn't show up. Why is this?

[@ZietInvests]

Hi there, it could be due to internet connections or browser cache sometimes. Try closing the browser and relogin your account, then search the symbol, otherwise can also search via its ISIN number (its on their fund fact sheet). Let me know if this helps!

[@MohamedHasan-l6y]

This is the best video so far explaining this issue.

[@ZietInvests]

I'm so happy to know that!! Do check out my other ETF videos too :3

[@mizan9232]

VOO annual return for 2022 is -18.19% but they still giving out dividend every quarter of 2022? How is that possible when they are in the red?

[@joke4511]

lot of KZbinr did not spell out so in depth accept you. GREAT and fruitful info.

[@ZietInvests]

Thank you so much Jack! A lot of my videos stem from me being unable to find what I wanted, so I had to take the long route to research them and piece them together, so that everyone can benefit it! Really appreciate your kind words!

[@ricardogomes4788]

Hello Ziet! Could we have a video about IBKR stock Yield Enhancement Program

[@ZietInvests]

Hi Ricardo, let me look into them!

[@chrsangel8390]

Would the tax be taken out directly when you take out the S&P 500? Or most you fill tax form

[@hsvdenga]

First I want to thank you for the video. One question though: 3:32 I don‘t know if I am informed correctly, but isn‘t it true that you would receive 85 dollars in that example even if the country where you are tax-resident does not have a double tax treaty with Ireland? I think I once read that there is no withholding tax on distributions from Irish ETFs in general (except Irish people or tax-residents in Ireland). But I am not really sure about this. Does someone know?

[@ZietInvests]

Hi, good question, from my understanding most companies without a tax treaty with Ireland usually has a tax treaty with US. But if thats not the case (for selected countries), then perhaps going for US ETFs directly would be a better to avoid double taxation - again, im not very sure about that so best check with someone with the knowledge on this! Hope this clarifies!

[@alaskareveluv2396]

Hi thank you for the videos!! I am a beginner and would like to ask a question which might sounds stupid, does distributing means that the money will be deposited into my interactive broker account wallet?

[@ZietInvests]

Hi Alaska, that's a very good question! That is correct, you will get your cash dividends deposited into your IBKR USD cash balance upon dividend payment date! Hope this helps!

[@comedyman112]

Why shouldn't I buy ETFs in euros if I'm a European resident? What about an s&p 500 index in euros? Becuase I have the lowest transfer and overall taxes in euros

[@ZietInvests]

Hi there, you should, this guide is mainly meant for my audience that are largely based in the asian countries with no tax benefits with european countries/US. If you found a better way to optimize in terms of tax/cost, it will definitely be better to do it your way 😊

[@huckkiankay19]

Hi Ziet, what is the commission fee and other fee charged by investing into CSPX and VUAA by using IBKR? is it 0.05% of trade value? thanks

[@ZietInvests]

Hi Huck Kian, you can refer the later portion of this video where I described their commission fee structure: kzbin.info/www/bejne/nJDCeZqAh8pmpLc Usually its about 1.5 GBP per trade for LSE-listed ETFs, pls some regulatory fees about 0.5 GBP, so you would end up paying around 2+ GBP or 3-4 USD per trade

[@drumthony]

Hey Ziet!! Love your videos, you’ve helped me out so much! Is it possible for you to give your opinion about QYLD Ireland domiciled and covered call ETFs on the whole?

[@ZietInvests]

Hi Anthony! I would love to buy unfortunately i dont do covered call/options in general, hence i wouldn’t be able to give you any fair analysis :X

[@dimitardimitrov7394]

Hi, I live in England. Which S&P500 will be the best option for me? I'm thinking fit long term investing. Thanks

[@ZietInvests]

Hi Dimitar, you can check out these LSE ETFs in this video: kzbin.info/www/bejne/Y2KTmnx4o9x8isk