Switching from VOO to CSPX | I sold ALL my S&P500 ETF

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Switching from VOO to CSPX | I sold ALL my S&P500 ETF

Рет қаралды 46,348

Күн бұрын

Everyone has their own investment choices and this is solely mine. This is not to be taken as investment advice. I sold all my positions in VOO the S&P500 I started investing into in November 2022. I did the switch as I've decided to increase the amount I was dollar cost averaging in monthly and considering the costs and exchange rates it is now worth it to start on CSPX.
My prior investments into VOO on Syfe Trade didn't cost me any amount. Watch this video here • I started investing in...
I started with $150/200 a month on Syfe Trade (2 Free Trades a month) ➡️ www.syfe.com/i...
Ask me to choose all over again, which platform for under $800USD? 🐮 Moomoo ➡️ j.moomoo.com/0...
Sign up with IBKR here ➡️ bit.ly/dzibkr
CMC Invest up to S$472 for New Users ➡️ bit.ly/cmcinve...
1️⃣ sign up & open CMC account ➡ S$20
2️⃣ fund S$500 & make 2 trades (no min) ➡ NVDL Shares (S$90)
3️⃣ fund S$1,000 & make 6 trades total before 30 June ➡ Nike Share (S$127)
4️⃣ fund S$10,000 & make 3 trades of at least S$3,000 each within 90 days of account opening ➡ Tesla Share (S$235)
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00:00 - Introduction
00:18 - Background
01:24 - CMC Invest vs Interactive Brokers
02:38 - Step 1 Liquidating from Syfe Trade
03:32 - Deposit and Set up Recurring Buy on IBKR
05:43 - Conclusion

Пікірлер: 172

@CIAragDe Ай бұрын

I bought one whole Stock of VOO since Sep 2022 monthly and it currently holds at 31.48% profit.

@user-vh4hp8pl3u Ай бұрын

Thanks for the demo. Its really helpful for beginner investors

@lizasem4184 Ай бұрын

thanks Demi, i was planning to do it but was put off by the set up...thanks for giving a step by step!appreciate it.

@DemiZhuang Ай бұрын

same here, finally got around to doing it.

@Constitution1789 Ай бұрын

Kudos. Very interesting information. Who knew being domiciled in Ireland would have have such a benefit. I look forward to seeing how everything turns out in the end.

@ziqian2202 2 күн бұрын

Hi Demi, are u using ibkr sg or llc, what is the main difference between them?

@kewtheii6764 19 күн бұрын

Question: Unless you're absolutely sure that price right now is overpriced, wouldn't it be better to just deposit L/S on top of your monthly contribution right away as assuming the year will end with 12% returns, it will be 12% on your principal to which, is 4k if you L/S in, or 12% of 800 if you're timing the market. Or are you anticipating a withdrawal in price and finding opportunities to dump on withdrawal? But wouldn't this be considered acting on emotion? New to this, appreciate your guidance, thanks!

@DemiZhuang 17 күн бұрын

Yesyes better to just not think and place it back in when I’ve sold it!

@janenes2782 Ай бұрын

So grateful for your content, helps so much to understand investing and IBKR platform. Do you mind me asking if you were able to purchase bulk would you, or is it more cost effective to just setup reaccuring monthly purchases? many thanks in advance :)

@DemiZhuang Ай бұрын

Cost wise one bulk purchase will be more cost effective if you’re comparing with recurring monthly purchases! I’m Dollar Cost Averaging the lump sum :)

@marcusthegreat7134 4 күн бұрын

Nice video, I plan to do the same. Liquidating from Etoro to IBKR soon!

@EveeeeeeeR Ай бұрын

This is so useful. Thanks for sharing and keep making videos like this! :)

@maomaoya Ай бұрын

Thank you for you video. I have also made a mistake of the pricing tier. Thanks to you , I choose the right option now.

@maomaoya Ай бұрын

But I have a question? Why choose CSPX after selling the VOO? It is known that VOO has lower risk than SCPX in my opinon. Could you provide your thinking behind the decision. Thank you so much.

@DemiZhuang Ай бұрын

Dividend withholding taxes and estate taxes because VOO is domiciled in the US. Largely now due to the fact that I increased my monthly investment to USD$800 a month.

@maomaoya Ай бұрын

@@DemiZhuang Thank you for you answer. I am going to do some research of CSPX.

@ahsiong88 Ай бұрын

@@maomaoyawhy do you say that VOO has lower risk? Both VOO and CSPX are tracking the same index.

@appleapple9725 15 сағат бұрын

Does using the ibkr reaccuring cost currency conversion fee?

@joshuaquintos8221 Ай бұрын

Thank you for the video! Was wondering if you could do a video on how to use your notion template? Thanks!

@jinwooo2724 Ай бұрын

If liquidity is not an issue (retirement), isn't it better if you top up SRS and invest in S&P500 equivalent using Endowus? Can get some income tax savings too and no estate tax. 0% withholding tax if u get the ishare fund.

@ahsiong88 Ай бұрын

That’s exactly what I’m doing. My SRS is also in that iShares fund but I’m wondering if the Amundi Prime fund is better or not in performance. What do you think?

@jinwooo2724 Ай бұрын

@ahsiong88 I can't say with certainty but over the long term...both Amundi and Ishare should be the same. But Amundi has 30% withholding tax vs Ishares 0%. (If I am not wrong).

@ahsiong88 Ай бұрын

I just went through these 2 funds on Endowus website. Only a short history to compare these 2 funds. For both 1 year and YTD, the Amundi Prime USA fund performs slightly better than the iShares US index fund.

@ahsiong88 Ай бұрын

⁠@@jinwooo2724I just went over the 2 funds data in Endowus website. Not a long history to compare them but for both 1 year and YTD performance, the Amundi Prime is slightly better than iShares US fund. Still considering whether to switch over to Amundi or not because of the nickering fear of counterparty risk for synthetic fund. Anyway my OA is invested in Amundi and my SRS is in iShares.

@Mourik131 Ай бұрын

Why did you choose CSPX and not VUSA? I personally have VUSA. It has a better return over a decade and pays out the dividends. I have two ETF’s manly. VUSA and VUTY. I buy it with a 90% VUSA and 10% VUTY. Just like warren buffet advices. I prefer to get dividends pay out because when stocks are low I will use my dividends to buy VUSA and when bonds are low I focus more on bonds VUTY. This way life is easy and flexible. I will ad 2 more ETF’s VEMT for bonds and one more for stocks not sure which yet. Like a developed euro etf. I’m from the Netherlands and with Ireland based etf we pay 0% dividend tax. How is life going in Japan. I’m looking so forward to visiting Japan.

@ahsiong88 Ай бұрын

Maybe not so straightforward to compare CSPX and VUSA as they are denominated in different currencies. Over the long term their performance looks quite similar but I’m not sure what is the currency effect. A more direct comparison will be between VUSA and VUAG. Both are in GBP but VUAG reinvest its dividends. Over the long run, VUAG performs much better.

@MATIvmr Ай бұрын

What lol? VOO is in $, CSPX too. VUSA are £ that’s for starters. Vusa is distributing and CSPX is accumulating, you don’t compare two different entities to each other like that. From the three Vusa is the youngest, two of the rest have longer track record lol. Add currency volatility and you’re losing. Learn your facts before you post dumb shit

@keithyeo4010 Ай бұрын

Thank you so much for teaching the pricing tier :( I didnt know that was an option May I ask what are your thoughts on SPYL, it has a lower expense ratio Thank you and have a nice day!

@DemiZhuang Ай бұрын

Lower liquidity, higher spread. I saw this before choosing to do what I did.

@keithyeo4010 Ай бұрын

@@DemiZhuang Thank you!!

@20pointer 3 күн бұрын

sorry as a finance noob, what's the time period it took from start to your realised profit?

@kollel86 4 күн бұрын

CSPX seems to consistently have a slightly lower return than VOO. If it stays like this in the future, would need to factor if the lower returns cancel out the gains from lesser withholding tax...

@jamiehush 15 күн бұрын

For anyone watching, another option to deal with the estate tax is to buy a cheap term life insurance policy so the person who inherits your estate (in my case my wife) doesn't have to sell any shares. I spent 7 years in the USA but never got a green card, so when I moved to Asia, I still had a bunch of stocks in the USA. For my personal situation, it didn't make sense to move certain assets. What Demi did here was a great move! But once you save up about a year's worth of salary in stocks (you'll save it faster than you think if you keep dollar-cost averaging), making big sales takes a bit more thinking. 🎉

@Peacelily22 9 күн бұрын

Hi demi, why do you not use tiger brokers which has cspx? :)

@karenkhoo3340 Ай бұрын

Thanks for the sharing. Very handy. I have just started using IBKR. For CSPX, domiciled in Ireland, do we have to ensure trading permission for United Kingdom?

@KyithNg Ай бұрын

Think one thing you may or may not realize is that when you are 40 looking back, that decision to wait and decide when to invest that profit may look silly given how much capital you would deal with then. It may be less effort to just invest now because most that choose to wait will either agonize over whether a 3% fall, or a 5% fall is large enough. And when it never comes, you end up either just investing at a higher price, or wait more. You would be adding more capital to it through the RSP program and this may end up similar. Ultimately, what you have to contend with whether you should buy-and-hold, or have a valuation allocation layer in your investment decision making in the future when your capital reaches $200,000 for example. Those decisions will be more impactful than the sum you have now.

@tlong900 Ай бұрын

I think recurring transfer in sgd, still have to manually convert to usd for the recurring buy of stock to succeed

@DemiZhuang Ай бұрын

Nope, not in my experience.

@TheFlame35 7 күн бұрын

seems like the draw back this week might be an eye opener to invest

@2764tsuna Ай бұрын

Thank you for your video! I was wondering why you chose VOO over VUAA/CSPX

@whtan1815 26 күн бұрын

You mentioned about Witholding tax and estate tax, how about capital gain tax? Don't you have this as well? Can you elaborate more? Thank you!

@synkotic 20 күн бұрын

For the tiered pricing in the video the country shows UK but I am from Singapore. Thus, I tried selecting Singapore and I realized the tier 1 and fixed pricing is similar. Do i still proceed to choose tiered pricing because fixed pricing doesn't include 3rd party fees?

@DemiZhuang 20 күн бұрын

Pricing is dependent on where the fund is listed on. CSPX is on London Stock Exchange hence UK pricing.

@ahsiong88 Ай бұрын

Have you explored FSM doing RSP into VUAA? There’s no fee as VUAA is in FSM ETF RSP list and you can even choose to RSP up to 4 times a month. However, the exchange rate might not be as good as IKBR. You can also do recurring cash top up to your FSM which suits the hands-off approach that you are looking for.

@AngelinaTandio Ай бұрын

Hi Demi, for the recurring monthly order tiered pricing, does that means that every month, it will incur the USD 1.7 per order and the equivalent tiered % of the monthly trade value?

@DemiZhuang Ай бұрын

Either or. Depends on what ur order amount is.

@jianyao1681 Ай бұрын

Hi, is your IBKR account type Margin/Cash?

@DemiZhuang Ай бұрын

Cash!

@jianyao1681 Ай бұрын

@DemiZhuang Do u know if I made a margin order, do I need to close the order, change my account to cash or is there other ways to not use margin?

@Eddysjh Ай бұрын

Great sharing! Love the step-by-step illustration on IBKR. I personally find the UX painful as well and hence not on IBKR.

@mbilly3013 Ай бұрын

may i know what platform are you using now? I am on IBKR but still not that comfortable with the interface. hoping to get something like eTrade functionality (eTrade not operating in my region)

@yijia5915 Ай бұрын

wanted to get into Malaysia stocks can use IBKR? is that a good platform with reasonable fees and exchange rate?

@phiwatkan3753 18 күн бұрын

So if I buy as a share is it better than the amount of money I pay 800$ every month?

@biblohudson9425 Ай бұрын

That's gotta hurt losing 4% on the money conversion. But better now then later when you grow your portfolio even more

@haojiezhuang1566 Ай бұрын

There is actually no need to convert usd to sgd to usd and suffer conversion losses. You could simply transfer out in usd to a multi currency account (e.g DBS), then transfer the same USD into IBKR.

@geri_8 18 күн бұрын

hi! does IBKR charge a fee for the recurring-buy feature? thanks!

@DemiZhuang 17 күн бұрын

Not that I've noticed!

@kitsura Ай бұрын

I started out doing RSP on an Irish domiciled ETF using FSM (ifast), however i chose VUAA in this case.

@ahsiong88 Ай бұрын

Yeah that’s what I’m doing too. Though I wish they can have more ETF on their ETF RSP list such as CSPX, SPYL, etc. but VUAA is good enough though. I also RSP into IUIT.

@standardprotocolformat6090 Ай бұрын

Nice work on the Take profit.

@oliviang4852 Ай бұрын

Hi Demi! Would you rather buy VOO on SYFE or IBKR? Is there a difference? Thanks!

@DemiZhuang Ай бұрын

if it's VOO, Moomoo Singapore actually. Syfe Trade is simple for beginners, if you don't plan to do anything apart from DCA every month. Syfe Trade works.

@mlglegitnoob6571 Ай бұрын

Hi, I am new to investing and have not used IBKR before, with regards to the payment reference number is that the number provided by IBKR or the broker account set up with the bank? Previously, i used syfe and stashaway which only required like topup by paynow i believe rather than a broker account so Im a bit confused

@DemiZhuang Ай бұрын

it's the reference number shown in your account when you get the instructions to send money into your account. each user has a unique reference number.

@mlglegitnoob6571 Ай бұрын

@@DemiZhuang ok thanks!

@JeromeTan Ай бұрын

why not buying CSPX on syfe?

@cuppyjann Ай бұрын

I bought CSPX on Syfe, don't mind explaining why not using Syfe instead ? Thanks ya

@danielchoo757 8 күн бұрын

Saw your videos on the platform, how about UOB Kayhian trading platform?

@JJarJared Ай бұрын

Very detailed. Thank you for the video!

@tarofreshmilkk Ай бұрын

Technically if you didn’t sell VOO you’re also deployed. Don’t need to time the market and just put it in the market. A red in IBKR does not mean a red in your portfolio. You’re still green from VOO.

@shirleygan3521 Ай бұрын

Thank you for the content & sharing. Can you share your view on SPYL which is also Ireland-domiciled, accumulating & have a 0.03% expense ratio as compared to CSPX. Thanks

@HappyGoLuckyMadDog Ай бұрын

the per unit price is too low. you will pay a extra due to per shares bid spread ratio

@originalshovan Ай бұрын

Actually if you want 0% dividend tax you cam invest in synthetic ETFs. Though it comes with it's own set of risks like counter party risks. HOwever, usually the counter parties are very large banks which have low risk of failing.

@ahsiong88 Ай бұрын

Can you list out a S&P 500 synthetic ETF? I’ll like to find out more. Thanks. The only one I know now is a Blackrock fund in Endowus but it’s not an ETF.

@originalshovan Ай бұрын

@@ahsiong88 Check for SPXS and I500

@originalshovan Ай бұрын

@@ahsiong88 Hi you can look for SPXS and I500

@originalshovan Ай бұрын

@@ahsiong88 SPXS, I500 etc.

@ralphpacia6747 Ай бұрын

Hi Demi! Great videos, can you make a tutorial or video on how to transfer your funds from syfe to IBKR. Thank you!

@DemiZhuang Ай бұрын

It just cashing out withdraw back to bank and transfer back in. It’s in the video on how to deposit.

@MrSlurrpy Ай бұрын

Well snce you are going to DCA into SP500 equivalent you should have taken the chance to take profit from CMC and diversify into other areas with tactical tilts (say a small portion into HY bonds or sector based ETF or geographic (non-us etf) esp with the US market being rich in valuations. Since you wont DCA into those position you portfolio will still naturally tend towards US large cap but at least this is a good chance to rebalance.

@baggiiiie Ай бұрын

a qn i faced when deciding: buying voo on moomoo offers 0 fee, however ibkr always has a fee. does lower withholding tax offset the fee? thanks in advance

@DemiZhuang Ай бұрын

It really depends on how much you put in monthly. Anywhere below USD800 I’d say go with VOO or other ETFs of your choice.

@MrChick1984 Ай бұрын

Why did you change dollars to different currency, sent it to IBKR and then changed it to dollars again when buying the shares?

@DemiZhuang Ай бұрын

there's a charge if i send USD in and out of my bank. wasn't worth it when i calculated.

@MrChick1984 Ай бұрын

@@DemiZhuang I am using Revolut for this. Keeping different currencies there and sending money to/from broker.

@leslielow4343 Ай бұрын

Hi Demi, what about Tiger Brokers? Was that platform part of the consideration?

@DemiZhuang Ай бұрын

CSPX is only offered on a few brokers, tiger isn’t one of them. Mentioned about platform choosing in the video.

@terencekian Ай бұрын

The commision from ibkr for about 150 usd of cspx is approximately 1.80. It bumped up the average price of the cspx I bought. Will accumulating thru DCA be wise if the commission keeps stacking up?

@DemiZhuang Ай бұрын

My own journey, before this I used Syfe Trade cus same like you I only did $150 a month. It’s not worth it to pay fees.

@DonPedroII-uc9pd Ай бұрын

@@DemiZhuang so the comission is 0.05% or minimum 1GBP?

@vpsloh 24 күн бұрын

New to invest, after the great video. I hav open an account and funded, set up recurring buy. Do i need to covert the money that i funded in sgd or auto

@DemiZhuang 24 күн бұрын

@vpsloh auto~

@sgboon Ай бұрын

Is it possible to withdraw USD from Syfe and transfer USD to IBKR ?

@DemiZhuang Ай бұрын

there are fees and it depends on which bank you're going with.

@adrieltan6089 Ай бұрын

Hi..great video. Understand that you plan to invest USD800 mthly into CSPX. Im assuming that you will probably transfer slighly over S$1k. Just wondering how much S$ you transfer to do your monthly DCA. The excess will probably reside in interactive broker......correct??

@lai-yincheah7975 Ай бұрын

Did you have to pay any taxes on the profit for selling VOO?

@ChupraCumbra Ай бұрын

You go Girl

@caiwentian409 Ай бұрын

Any particular reason why CSPX and not VUAA?

@phantommarine29 Ай бұрын

VUAA has a lesser trading volume and a greater spread. Makes it a bit harder in terms of limit orders and you may lose a few dollars

@ahsiong88 Ай бұрын

@@phantommarine29but if you are just doing DCA then maybe the different in volume and spread might not impact much in the long term?

@NT1314 Ай бұрын

What is the best amount to DCA to minimise the cost in IBKR?

@user-qz9vw9hm4d Ай бұрын

@NT1314 Ай бұрын

@@user-qz9vw9hm4d meh 0

@appleapple9725 Ай бұрын

Does ibkr charges $2 for currency conversion? If so it would not be worth it

@DemiZhuang Ай бұрын

I didn’t incur this!

@pleasefallnow5744 Ай бұрын

hello, i understand that from your video you mentioned that you are increasing the amt you're investing into S&P 500 which is why you're swapping over to CSPX from VOO. if i were to only invest 200-400/month, would you suggest sticking to VOO over CSPX?

@DemiZhuang Ай бұрын

yes I'd still pick VOO over CSPX for low amounts.

@pleasefallnow5744 Ай бұрын

@@DemiZhuang why is that exactly? is it due to IBKR's higher trading fee as compared to syfe's 2x free trades & CSPX's higher expense ratio?

@edgan1 Ай бұрын

for small amount keep buying in voo. once reach 3k. sell all. buy immediately the same amount back in cspx. this way you save a lot of commissions

@pleasefallnow5744 Ай бұрын

@@edgan1 i see. thanks for the advice! just wondering, do you have the calculations for this? why specifically 3k?

@edgan1 Ай бұрын

@@pleasefallnow5744 that was my on-top-of-my-head memorized amount. I find for USD3K trade in LSE, the fee is about USD4. It is the best lowest amount --meaning that if you convert USD 6K, the commission is double, ie. USD8. Sometimes I do USD1.5K but the fee is USD3.4, which is not optimized but still tolerable.

@em2nre5u Ай бұрын

If u just utilize the free trade per month from CMC Invest, would it still be cheaper on Ibkr (even though it would be manual and forex is higher on CMC)?

@appleztooranges Ай бұрын

I don’t think I’ll switch from voo. Don’t wanna think of it

@DemiZhuang Ай бұрын

You do you!! 👍🏻 as long as you’re good w it, no one can tell you otherwise!!

@jm0402 24 күн бұрын

I think the 30% vs 15% withholding tax on dividend is fine, because dividend pay out by ETF is negligible, but the 40% estate tax is too damn high, but of coz you may ignore this if you don't care about who get the money after you passed away.

@roxytrez Ай бұрын

Any thoughts on SPYL on IBKR? Seems like IBKR dont offer on LSE but on EBS. And due to the fx rates...per trade commission is 1% of trade value which si around 4USD.

@clarencechan835 Ай бұрын

Hi Demi! Wanted to hear about your thoughts of SPYL vs CSPX on IBKR. I noted that SPYL is cheaper overall, but lower liquidity.

@weemousy Ай бұрын

Syfe doesn't allow withdrawal in USD?

@DemiZhuang Ай бұрын

allows but receiving and transferring USD both ways has fees

@kai93822 Ай бұрын

Hello, thank you for the video. I really find it a struggle to navigate IBKR. Also, do you calculate the EXACT amount of SGD to deposit for 800 USD? Or you deposit an ESTIMATED amount of SGD based on the exchange rate? The OCD in me prefers IBKR to wipe out whatever SGD I have set aside for recurring 🤡

@DemiZhuang Ай бұрын

I know what you mean 😂 i also felt that way. I do recurring $1.1K

@kai93822 Ай бұрын

@@DemiZhuang Inner voice: "Just pay higher fees for your OCD and better navigation" 🤡 Anyway, thank you so much. I really appreciate it 🙏

@captainhook4583 Ай бұрын

@@DemiZhuang may i confirm it will be SGD $1.1k = USD $800?

@leonpuah7864 Ай бұрын

@@captainhook4583 this depends on the SGD/USD exchange rate for the day of transaction! Currently it is 1.36SGD/USD, so 1100SGD = 809USD. While this is higher than the USD $800 with an excess USD $9 or S$12.20 (unconverted), remember we still have commission fees to pay on IBKR and some of these fees would be deducted from the liquid cash balances remaining in your IBKR amount. Hope this helps!

@chococraziee Ай бұрын

I have been following you for awhile but till now i’m still unsure on how to do my own investments. Any suggestions on how to start it other than using robo? Or any books/websites i could go on to learn more on investments?

@lingxuan2787 Ай бұрын

hi demi! did u just use the currency converter in SYFE to convert from SGD to USD?

@DemiZhuang Ай бұрын

Yup

@kwokweng76 Ай бұрын

This is a very useful video, thanks

@fionalee3792 Ай бұрын

Hi Demi, is it true that for recurring fractional shares buy for cspx on ibkr cannot use tiered pricing, have to use fixed pricing if buying recurring fractional shares?

@DemiZhuang Ай бұрын

Nope, it can be done.

@JoinMeWalkers 13 күн бұрын

May I ask how much is your commission fee for a trade of USD 800?

@DemiZhuang 10 күн бұрын

$1.85 USD!

@JoinMeWalkers 2 күн бұрын

@@DemiZhuang Thanks for the info. I was charged 2.08 USD for a trade of 800 USD. Not sure if it’s because it’s a one time trade and not recurring.

@DemiZhuang 2 күн бұрын

@@JoinMeWalkers same! the $1.85 is recurring.

@GPTgamebuilder Ай бұрын

S&P 500 is going to 7,000 You sure you don’t wanna ride it all the way up?

@chewie4018 Ай бұрын

madam spyl lower expense ratio also ireland domicile 😊

@Benjizzzz Ай бұрын

Why don't you stick with SYFE though? 2 free trades per month.

@Longtermalwayswins Ай бұрын

No cspx in syfe trade but in syfe wealth. U have to pay extra mgt fees. Not worth

@thesidemen1236 Ай бұрын

Hi, is it worth investing in cspx now when it is at an all time high?

@shawnchiu5847 Ай бұрын

I follow u open up cmc invest. Now they have free trade every month… ibkr got commission… any reason why u choose ibkr? Beside the fx rate ? Fractional share is not my consideration cos I want to buy 2 share monthly. In my case, do u think I Shd continue on cmc invest to take advantage on the free trade? Or is it more worth to use ibkr?

@DemiZhuang Ай бұрын

My own choice if i was in your shoes, can continue on cmc. Not advice haha

@shawnchiu5847 Ай бұрын

Ty. Ok then I just use cmc invest.