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Chitchat Buying index funds in Spore like Vanguard in Spore

Discussion in 'The Courtyard Café' started by johnny333, Jul 13, 2017.

  1. johnny333

    johnny333 Alfrescian (Inf)

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    There is obviously a demand for passive investments i.e. index funds.
    You can easily purchase US index funds like the Vanguard ETF index funds if you have an account with a US broker like ThinkorSwim or OptionsXpress. Both of these companies have a Spore office so it's easy to open an account.

    However what do you do if you don't want to open a US trading account but still want to buy such index funds:confused:
    I found out that although Vanguard has a Spore office they do not have a licence to deal directly with end users, only with investment companies & banks.

    I found out about a new company that was recently opened. This company is named Smartly
    https://www.smartly.sg/

    They are using an automated system to purchase index funds for their clients. So their costs to the end uses are low. Their annual service charge are as follows:

    1% if you investment total is less than $10,000
    0.7% if your investment is betwee, 10,001 and up to $100,000
    0.5% If your investments are more than $100,000

    You can invest in $50 increments of more, it's all up to you.
    They are a local company & are regulated by MAS regulations.

    Their fees look reasonable but what do people think:confused:
    I've got a US broker so I don't need to use them but I'm curious what others think :confused:
     

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